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Rand Capital Participates in Centivo $34 Million Series B Funding

PUBLIC · RANDDec 07, 2020
BuffaloFinancial Services

Description

Rand Capital Corporation (Nasdaq: RAND) (“Rand”), a business development company, today announced that it recently funded a $500,000 Series B Preferred stock follow-on investment in its portfolio company, Centivo Corporation. The investment was part of a $34 million capital raise and brings Rand’s total investment in Centivo to $800,000.

Quick answer

Rand Capital raised an undisclosed amount in a funding round, dated December 7, 2020. Rand Capital is based in Buffalo, Kansas, United States.

How much did Rand Capital raise?
Rand Capital raised an undisclosed amount in a funding round on December 7, 2020.
What does Rand Capital do?
Rand Capital (Nasdaq: RAND) is an externally-managed business development company (BDC).
Where is Rand Capital based and how big is it?
Rand Capital is based in Buffalo, Kansas, United States.
Who are the decision-makers at Rand Capital?
Fundz holds 2 contacts at Rand Capital, including the Executive Vice President. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as Rand Capital that raised within 45 days of this round, from Fundz verified event records.

  • Walker & Dunlop raised $145M (Funding Round) on January 21, 2021.
  • Welsh Carson Anderson & Stowe raised an undisclosed amount on January 20, 2021.
  • PPRO raised $180M (Funding Round) on January 19, 2021.
  • Discover raised an undisclosed amount on January 15, 2021.
  • DRIP CAPITAL raised $1B (Funding Round) on January 14, 2021.
  • Rapyd raised $300M (Funding Round) on January 13, 2021.

Who to call at Rand Capital, and when

A new round usually means Rand Capital is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Rand Capital

Location

Buffalo, Kansas, United States

About

Rand Capital (Nasdaq: RAND) is an externally-managed business development company (BDC). The Company’s investment objective is to maximize total return to its shareholders with current income and capital appreciation by focusing its debt and related equity investments in privately-held, lower middle market companies with committed and experienced managements in a broad variety of industries. Rand invests in early to later stage businesses that have sustainable, differentiated and market-proven products, revenue of more than $2 million and a path to free cash flow or up to $5 million in EBITDA. The Company’s investment activities are managed by its external investment adviser, Rand Capital Management, LLC. Additional information can be found at the Company’s website where it regularly posts information: https://www.randcapital.com/.

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Related People

2 contacts
Verified contactsDaniel P., Executive Vice President hiddenSee plans and pricing
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Rand Capital raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.