# Allen F. “Pete” Grum

> Allen F. “Pete” Grum is a Series B investor at Rand Capital backing Software and Analytics. See 6 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Rand Capital](https://shizune.co/investors/profile/rand-capital)
- Location: Buffalo, United States
- Total investments: 6
- Last investment: Oct 2025
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/pete-grum-09515a1

Allen F. “Pete” Grum is a Series B investor at Rand Capital in Buffalo focused on Software and Analytics. Allen Grum has been employed with Rand Capital Corporation since 1995. Allen Grum is a seasoned financial services executive with over 20 years of experience with financial services organizations. Allen Grum oversees the Company’s investment activities and takes an active role in the investment process from deal sourcing to fund marketing. Heearned his Master of Business Administration from Rochester Institute of Technology and his Bachelor of Arts in Economics from Eisenhower College.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 1 | 17% |
| Analytics | 1 | 17% |
| Real Time | 1 | 17% |
| Publishing | 1 | 17% |
| Advertising | 1 | 17% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 2 | 33% |
| Seed | 1 | 17% |
| Series A | 1 | 17% |
| Series C | 1 | 17% |
| Funding Round | 1 | 17% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| radEmploy | radEmploy is a job portal that enables radiology employers to manage job postings and connect with imaging professionals. | $1M | Seed | Oct 16, 2025 |  |
| SocialFlow | SocialFlow is a social distribution and monetization platform that is purpose-built for media companies. Their technology enables the world’s most successful publishers to easily distribute engaging social content while providing them monetization opportunities across multiple social networks. Their publishing software is used by tens ofthousands of journalists across the world and extends the reach and engagement of editorial content and stories to the social sphere. SocialFlow’s advertising products help publishers create new revenue streams from their social efforts. With native solutions and AttentionStream sponsored post ads, SocialFlow helps media companies leverage the unmatched scale and distribution of social channels. Founded in 2009 and based in New York, SocialFlow’s client roster includes half of the top 150 media companies including Condé Nast, Meredith, The Associated Press, CNN, and the BBC. | $7.5M | Series C | Dec 07, 2015 |  |
| Rheonix | Rheonix, Inc. operates as a biomedical device company. Its products include CARD (Chemistry And Reagent Device) system to miniaturize and automate new and existing assays in multiple fields. Its products and technology are used in human/veterinary in vitro diagnostics, food/water testing, SNP analysis for personalized medicineapplications, homeland security/defense applications, process control and final product QC, and tissue culture analysis in a research or production setting. Rheonix, Inc. was founded in 2007 and is based in Ithaca, New York. | $28.6M |  | Oct 20, 2015 |  |
| Knoa Software | Knoa® Software delivers enterprise and cloud solutions that generate unique insights to increase the performance and optimize the end-user experience of SAP, Siebel and other platforms. Knoa's patented software provides CIOs and business executives the actionable metrics needed to ensure their organizations and users realize the full value oftheir enterprise application investment. Headquartered in Union Square, New York, Knoa’s solutions have helped hundreds of global corporations and government organizations make impactful, real-time, fact based decisions that enrich and maximize the experience for over a million end users. | $5.1M | Series B | Jul 29, 2014 |  |
| SocialFlow | SocialFlow is a social distribution and monetization platform that is purpose-built for media companies. Their technology enables the world’s most successful publishers to easily distribute engaging social content while providing them monetization opportunities across multiple social networks. Their publishing software is used by tens ofthousands of journalists across the world and extends the reach and engagement of editorial content and stories to the social sphere. SocialFlow’s advertising products help publishers create new revenue streams from their social efforts. With native solutions and AttentionStream sponsored post ads, SocialFlow helps media companies leverage the unmatched scale and distribution of social channels. Founded in 2009 and based in New York, SocialFlow’s client roster includes half of the top 150 media companies including Condé Nast, Meredith, The Associated Press, CNN, and the BBC. | $10M | Series B | Apr 17, 2013 |  |
| Knoa Software | Knoa® Software delivers enterprise and cloud solutions that generate unique insights to increase the performance and optimize the end-user experience of SAP, Siebel and other platforms. Knoa's patented software provides CIOs and business executives the actionable metrics needed to ensure their organizations and users realize the full value oftheir enterprise application investment. Headquartered in Union Square, New York, Knoa’s solutions have helped hundreds of global corporations and government organizations make impactful, real-time, fact based decisions that enrich and maximize the experience for over a million end users. | $7.5M | Series A | Dec 03, 2012 |  |

6 of 6 investments shown.

## Co-investors
- [Gefinor Capital](https://shizune.co/investors/profile/gefinor-capital) — VC Fund, 4 deals together
- [Advantage Capital](https://shizune.co/investors/profile/advantage-capital-partners) — VC Fund, 3 deals together
- [Ascent Venture Partners](https://shizune.co/investors/profile/ascent-venture-partners) — VC Fund, 2 deals together
- [Cayuga Venture Fund](https://shizune.co/investors/profile/cayuga-venture-fund) — VC Fund, 2 deals together
- [Fairhaven Capital Partners](https://shizune.co/investors/profile/fairhaven-capital-partners) — VC Fund, 2 deals together
- [Aol Ventures](https://shizune.co/investors/profile/aol-ventures) — VC Fund, 1 deal together

## About Rand Capital

VC Fund · Buffalo, United States

Rand Capital Corporation is a registered, closed-end management investment corporation investing in the securities of businesses that offer unique opportunities for growth. Rand Capital provides venture capital and management experience to support the growth and development of businesses in varied industries, primarily in the Western New York andUpstate New York region.

5 contacts available at Rand Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Allen F. “Pete” Grum | President | https://shizune.co/investors/profile/allen-f-pete-grum |
| Margaret Whalen Brechtel | Vice President of Finance | https://shizune.co/investors/profile/margaret-whalen-brechtel |
| Daniel P. Penberthy | Chief Financial Officer | https://shizune.co/investors/profile/daniel-p-penberthy |
| Don Ross | Founder | https://shizune.co/investors/profile/don-ross-7015 |
| George Rand | Founder | https://shizune.co/investors/profile/george-rand |

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## FAQ

### What does Allen F. “Pete” Grum invest in?

Allen F. “Pete” Grum invests primarily in Software, Analytics and Real Time startups, most often at Series B and Seed stage. Most of the 6 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Allen F. “Pete” Grum last invest?

The most recent investment recorded for Allen F. “Pete” Grum closed in Oct 2025. Shizune tracks 6 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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