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Asset/Investment Management
FINANCE | Investment Firms & Funds
randcapital.com

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Investments

99

Portfolio Exits

22

Funds

2

About Rand Capital

Rand Capital (NASDAQ:RAND) is a Business Development Company (BDC) that focuses its equity investments in early or expansion stage companies or can structure its debenture investments for more mature companies.

Rand Capital Headquarter Location

2200 Rand Building

Buffalo, New York, 14203,

United States

716-853-0802

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Page Views per Million (PVPM)
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Rand Capital Rank

Latest Rand Capital News

Rand Capital Announces Second Quarter 2022 Financial Results Conference Call and Webcast

Jul 25, 2022

July 25, 2022 04:15 PM Eastern Daylight Time BUFFALO, N.Y.--( BUSINESS WIRE )-- Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced that it will release its second quarter 2022 financial results before the opening of financial markets on Monday, August 8, 2022. The Company will also host a conference call and webcast to review its results that day. Second Quarter 2022 Conference Call Monday, August 8, 2022 A telephonic replay will be available from 4:30 p.m. ET on the day of the call through Monday, August 15, 2022. To listen to the archived call, dial (412) 317-6671 and enter replay pin number 13731266. The webcast replay will be available in the investors section at https://ir.randcapital.com/ , where a transcript will also be posted once available. ABOUT RAND CAPITAL Rand Capital Corporation (Nasdaq: RAND) is an externally managed business development company (BDC). The Company’s investment objective is to maximize total return to its shareholders with current income and capital appreciation by focusing its debt and related equity investments in privately-held, lower middle market companies with committed and experienced managements in a broad variety of industries. Rand invests in early to later stage businesses that have sustainable, differentiated and market-proven products, revenue of more than $2 million and a path to free cash flow or up to $5 million in EBITDA. The Company’s investment activities are managed by its external investment adviser, Rand Capital Management, LLC. Additional information can be found at the Company’s website where it regularly posts information: https://www.randcapital.com/ . Contacts

Rand Capital Investments

99 Investments

Rand Capital has made 99 investments. Their latest investment was in Centivo as part of their Series B on December 12, 2020.

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Rand Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/7/2020

Series B

Centivo

$34M

No

25

11/17/2020

Convertible Note

Caitec

$3.5M

No

1

11/17/2020

Unattributed

Caitec

$0.3M

Yes

1

11/1/2018

Unattributed VC

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$99M

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10

7/18/2018

Series A

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$99M

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10

Date

12/7/2020

11/17/2020

11/17/2020

11/1/2018

7/18/2018

Round

Series B

Convertible Note

Unattributed

Unattributed VC

Series A

Company

Centivo

Caitec

Caitec

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Amount

$34M

$3.5M

$0.3M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

25

1

1

10

10

Rand Capital Portfolio Exits

22 Portfolio Exits

Rand Capital has 22 portfolio exits. Their latest portfolio exit was SocialFlow on February 10, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/10/2022

Acquired

$99M

2

10/28/2021

Acquired

$99M

3

4/16/2021

Acquired

$99M

2

3/24/2021

IPO

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$99M

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10

1/22/2020

Shareholder Liquidity

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$99M

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10

Date

2/10/2022

10/28/2021

4/16/2021

3/24/2021

1/22/2020

Exit

Acquired

Acquired

Acquired

IPO

Shareholder Liquidity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

3

2

10

10

Rand Capital Acquisitions

3 Acquisitions

Rand Capital acquired 3 companies. Their latest acquisition was Carolina Skiff on February 15, 2004.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/15/2004

Growth Equity

$99M

$5M

Leveraged Buyout

1

4/11/2003

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$99M

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0

2/18/2000

Other Venture Capital

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$99M

$99M

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0

Date

2/15/2004

4/11/2003

2/18/2000

Investment Stage

Growth Equity

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$5M

$99M

Note

Leveraged Buyout

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Sources

1

0

0

Rand Capital Fund History

2 Fund Histories

Rand Capital has 2 funds, including Rand Capital SBIC LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/1/2002

Rand Capital SBIC LP

Multi-Stage Venture Capital

Closed

$15M

1

6/1/1969

Rand Capital

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$99M

10

Closing Date

8/1/2002

6/1/1969

Fund

Rand Capital SBIC LP

Rand Capital

Fund Type

Multi-Stage Venture Capital

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Status

Closed

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Amount

$15M

$99M

Sources

1

10

Rand Capital Team

7 Team Members

Rand Capital has 7 team members, including current Chief Executive Officer, President, Allen F. Grum.

Name

Work History

Title

Status

Allen F. Grum

Chief Executive Officer, President

Current

Erland E. Kailbourne

Chief Executive Officer, President

Current

Ross B. Kenzie

Chief Executive Officer, President

Current

Willis Mcleese

Chief Executive Officer, President

Current

Reginald B. Newman

Chief Executive Officer, President

Current

Name

Allen F. Grum

Erland E. Kailbourne

Ross B. Kenzie

Willis Mcleese

Reginald B. Newman

Work History

Title

Chief Executive Officer, President

Chief Executive Officer, President

Chief Executive Officer, President

Chief Executive Officer, President

Chief Executive Officer, President

Status

Current

Current

Current

Current

Current

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