Rand Capital
VC Fund
Buffalo, United States
Rand Capital is a VC fund in Buffalo focused on Software and Health Care. 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.
- Total investments:
- 48
- Last investment:
- Lead investor:
- 23%
Last updated:
For AI agents: llms.txt
Industries Rand Capital invests in
Stages Rand Capital invests in
Countries Rand Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Series A
- $438k–$34M
- Series B
- $250k–$34M
Investment Focus
Industry
- Software 9 (19%)
- Health Care 5 (10%)
- Manufacturing 5 (10%)
- Information Technology 4 (8%)
- Internet 3 (6%)
Stage
- Funding Round 13 (27%)
- Series B 8 (17%)
- Series A 7 (15%)
- Seed 5 (10%)
- Series C 3 (6%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Allen F. “Pete” Grum
President
|
President | Total investments: 6 | Find email | |
Margaret Whalen Brechtel
Vice President of Finance
|
Vice President of Finance | Total investments: 0 | Find email | |
Daniel P. Penberthy
Chief Financial Officer
|
Chief Financial Officer | Total investments: 3 | Find email | |
|
Don Ross
Founder
|
Founder | Total investments: 0 | Find email | |
|
George Rand
Founder
|
Founder | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
DarioHealth
|
DarioHealth Corp is a digital health company. It is engaged in the development and commercialization of patented and proprietary technology that provides consumers with laboratory-testing capabilities using smartphones and other mobile devices. The company's product, Dario Blood sugar monitor is a mobile, real-time, cloud-based, diabetesmanagement solution based on a multi-featured software application combined with a blood glucose monitoring device. The group operates internationally and derives revenues from the sale of its Dario smart meter and related device-specific disposables test strip cartridges and lancets. The company generates the majority of the revenue. | $32.5M / Post-IPO Debt / May 01, 2025 | |
Centivo
|
Centivo is a new type of health plan administrator that allows self-funded employers and clinicians to join forces and deliver high quality, affordable healthcare to their employees. An alternative to traditional insurance carriers or third-party administrators, Centivo offers the technology, network, claims processing, customer support, andpopulation health management to fully administer health benefits for all or a portion of an employee population. The Centivo model emphasizes the partnership between individuals and their primary care team as the proper model to coordinate healthcare needs. Centivo’s clinical partners are dedicated to controlling costs and helping members navigate the healthcare system, aided by personalized patient/doctor matching tools. Members are rewarded for working with their primary care team and choosing high-value care and are supported through a user-friendly app and their concierge. Employers get an ally that diligently roots out waste and is accountable for performance.It was formed in 2017 and headquartered in New York, United States. | $34M / Series B / Dec 07, 2020 | |
|
Centivo
|
Centivo is a new type of health plan administrator that allows self-funded employers and clinicians to join forces and deliver high quality, affordable healthcare to their employees. An alternative to traditional insurance carriers or third-party administrators, Centivo offers the technology, network, claims processing, customer support, andpopulation health management to fully administer health benefits for all or a portion of an employee population. The Centivo model emphasizes the partnership between individuals and their primary care team as the proper model to coordinate healthcare needs. Centivo’s clinical partners are dedicated to controlling costs and helping members navigate the healthcare system, aided by personalized patient/doctor matching tools. Members are rewarded for working with their primary care team and choosing high-value care and are supported through a user-friendly app and their concierge. Employers get an ally that diligently roots out waste and is accountable for performance.It was formed in 2017 and headquartered in New York, United States. | $34M / Series A / Jul 18, 2018 | |
Tilson
|
Tilson is a Maine-based independent information technology project management company. It is a high growth (three years on the inc. 5000), 100 employee team of telecom and information technology professionals with worldwide practice. Tilson provides services to industry and government in: Wireless site acquisition, construction, small cell andDAS for mobile carriers, public safety, and smart grid applications; Technology capital project turn-around; Information technology, including software development, project management, and information security; and Fiber optic engineering, permitting, and construction management.Tilson has offices in Portland, Maine, Syracuse, New York, Pittsburgh, Pennsylvania, and Foley, Alabama. | $1.5M / Series D / Dec 12, 2017 | |
|
Tilson
|
Tilson is a Maine-based independent information technology project management company. It is a high growth (three years on the inc. 5000), 100 employee team of telecom and information technology professionals with worldwide practice. Tilson provides services to industry and government in: Wireless site acquisition, construction, small cell andDAS for mobile carriers, public safety, and smart grid applications; Technology capital project turn-around; Information technology, including software development, project management, and information security; and Fiber optic engineering, permitting, and construction management.Tilson has offices in Portland, Maine, Syracuse, New York, Pittsburgh, Pennsylvania, and Foley, Alabama. | $3.5M / Series D / Nov 12, 2017 | |
Grainful
|
Grainful (BeetNPath, LLC) is a food company making chef-inspired, mouthwatering entrées that bring the wholesome goodness of oats to lunch and dinner. All products are made with steel cut oats, clean natural ingredients and are cooked to perfection under their watchful eye. | $3.3M / Jun 07, 2017 | |
PostProcess Technologies
|
PostProcess Technologies is a provider of automated and intelligent post-printing solutions for additive manufacturing. The company's comprehensive system of proprietary software, patent-pending hardware, and additive-formulated chemistry works together to remove the bottleneck in the third step of additive manufacturing — post-printing. | $4M / Seed / Apr 26, 2017 | |
ACV
|
ACV provides a pricing application (app) for franchise dealers. It offers ACV, a mobile auction platform that enables wholesale dealers to sell trade-ins by creating app-based auctions. | $15M / Series B / Mar 08, 2017 | |
|
ACV
|
ACV provides a pricing application (app) for franchise dealers. It offers ACV, a mobile auction platform that enables wholesale dealers to sell trade-ins by creating app-based auctions. | $5M / Series A / Sep 19, 2016 | |
Genicon
|
Genicon is recognized as an emerging leader in the design, production, and distribution of patented surgical instrumentation focused exclusively on laparoscopic surgery. Genicon is a privately held firm in which several of their shareholders are surgeons who utilize their products. Genicon remains today as it originated: a company driven to meetthe needs of modern-day healthcare through the harmonization of clinical needs and the economic demands of a global healthcare system. | $2M / Apr 21, 2016 | |
| See all 48 investments → | |||
Co-Investors
Advantage Capital
10 deals together
Cayuga Venture Fund
9 deals together
Gefinor Capital
8 deals together
Z80 Labs Technology Incubator
5 deals together
Bain Capital Ventures
4 deals together
CEI Ventures
4 deals together
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FAQ
What does Rand Capital invest in?
Rand Capital invests primarily in Software, Health Care and Manufacturing startups, most often at Funding Round and Series B stage. Most of the 48 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Rand Capital's check size?
Rand Capital typically joins rounds of $438k–$34M at Series A and $250k–$34M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Rand Capital participates in.
How do I contact Rand Capital?
Public channels for Rand Capital include the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Rand Capital?
The team at Rand Capital includes Allen F. “Pete” Grum (President), Margaret Whalen Brechtel (Vice President of Finance) and Daniel P. Penberthy (Chief Financial Officer). The Team section lists each member with their title, investment count and links.
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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