Allen F. “Pete” Grum has served as President and Chief Executive Officer of Rand Capital Corporation since 1995. See sector focus and contact routes.
Allen F. “Pete” Grum has served as President and Chief Executive Officer of Rand Capital Corporation since 1995, leading the publicly traded, closed-end management investment company headquartered in Buffalo, New York. Rand Capital invests in the securities of businesses offering unique growth opportunities, with a portfolio spanning 29 companies that collectively employ over 2,500 people. The firm typically leads financing rounds, such as its $14 million investment in Rheonix, Inc., which it led alongside Cayuga Ventures. Notable portfolio companies include ACV Auctions, which successfully completed an IPO in 2021, and Rheonix, a diagnostics firm that secured major growth financing. Grum’s investment approach focuses on private companies across debt and equity structures, with a geographic emphasis on businesses that can benefit from Rand’s Buffalo-based expertise. While Grum has not published public writing on his investment thesis, his long tenure and community leadership, including serving as Chairman of the Investment Committee for the Buffalo State Foundation, reflect a commitment to regional economic development.
This profile is part of the StartupFundraising investor database: focus, portfolio history, disclosed location and contact routes, refreshed as new filings and rounds are ingested. Founders use it to check fit before reaching out and to find investors in Buffalo.
Investors like Allen F. “Pete” Grum · Full investor directory · Investor access · Company funding database