RAND

Rand Capital Corporation (NASDAQ:RAND) is a business development company founded in 1969 and based in Buffalo, New York. As a regulated investment company, Rand specializes in providing private equity and debt financing to small and medium-sized businesses primarily in the Western and Upstate New York region and surrounding states. The company went public in 1980 and has evolved from a traditional venture capital firm into a more income-focused investment vehicle, with a current portfolio valued at approximately $62 million across 19 businesses as of Q1 2025.