Rand Capital Corporation

Rand Capital Corporation is a business development company based in Buffalo, New York, that specializes in private equity investments. The firm focuses on providing equity and debt financing to lower middle market and small to medium-sized privately held companies, particularly those engaged in innovative products, technologies, or services. It primarily invests in sectors such as healthcare, consumer products, manufacturing, software, and professional services. Rand Capital targets companies with annual revenues up to $10 million and EBITDA up to $5 million, typically investing between $0.5 million and $1.5 million, with total investment rounds ranging from $1 million to $5 million. The firm seeks to be a lead investor and prefers to take minority stakes while aiming for a board seat in its portfolio companies. Rand Capital generally holds its investments for five to seven years and emphasizes opportunities in the Western and Upstate New York region, as well as areas within a three to five-hour drive from Buffalo, including parts of Canada. Established in 1969, Rand Capital combines venture capital with management expertise to foster business growth.