VC fund profile · evidence-aware directory data
Rand Capital stages, portfolio and investment profile
Nasdaq-listed business development company (ticker: RAND) based in Buffalo. Provides higher-yielding debt with equity kickers to lower middle-market companies (typical targets around $10M revenue and $1.5M+ EBITDA). Portfolio fair value was about $48.5M across 20 companies at year-end 2025. Not a classic seed VC — growth and debt-focused. Early historical investor in ACV Auctions.
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Stage-based planning range
$1M–$10M
This is a planning range inferred from stage coverage, not a firm-disclosed check size.
Methodology: Stage bucket inferred from the rounds a fund leads or invests in.
No firm-specific check-size disclosure is recorded.
Investment stages
Leads: Series B+
Participates: Series A, Series B+
Sector focus
generalist-tech · enterprise-saas · marketplace
Geography
Buffalo, NY
Founded 1969
Fund size / AUM
Not recorded
A separate fund-size evidence record is not yet available.
Portfolio in our directory
2
Linked startup profiles
Recent tracked investment
Not recorded
No dated round explicitly links this fund.
Rounds they lead
Rounds they invest
Last verified: Not recorded. Check-size evidence is labeled by basis so planning estimates are not presented as firm disclosures.
Portfolio companies we track
Startups in our directory that list Rand Capital as an investor (2 total).
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