VC  Rand Capital Corporation

     Office Locations:

2200 Rand Building
Buffalo, NY 14203
Phone: 716-853-0802
Fax: 716-854-8480



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    Rand Capital Corporation (Nasdaq: RAND) was founded in 1969 and is a publicly traded, closed-end management investment company that has elected to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940. In addition, its fully owned subsidiary, Rand Capital SBIC, L.P., is licensed by the United States Small Business Adminstration as a Small Business Investment Company (SBIC). The firm's primary focus is on making venture capital investments in small to medium sized companies that are engaged in the exploitation of new or unique products or services with a sustainable competitive advantage typically in New York and its surrounding states. Rand typically invests between $500,000 and $1.5 million in privately held companies in total investment rounds of $1 million to $5 million. As of December 2011, Rand manages a diversified portfolio of approximately $24,399,121.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription or New York Database subscription.
    Allen F. "Pete" Grum President and Chief Executive Officer
    Daniel P. Penberthy Chief Financial Officer and Executive Vice President
    Margaret Whalen Brechtel Vice President of Finance


    Portfolio companies include:

      Advantage 24/7
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      Carolina Skiff
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      G-TEC Natural Gas Systems
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      Knoa Software
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      Mercantile Adjustment Bureau
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      Mid America Brick
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      Niagara Dispensing Technologies

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      Somerset Gas Transmission Company
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      SOMS Technologies
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