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Rand Capital Makes Largest Initial Funding of $3.8 Million with Caitec Inc.
Amount Raised
$3 Million
Round Type
Seed
BuffaloFinancial ServicesDescription
Rand Capital Corporation (Nasdaq: RAND) (“Rand”), a business development company, today announced that it recently funded an initial investment in Caitec Inc., a rapidly growing provider of specialty pet products. Rand invested $3.5 million through a 14% subordinated secured note and an additional $300,000 in Class A Preferred stock.
Fundz sees it the moment Rand Capital raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Rand Capital raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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