Rand Capital Corp. has invested $250,000 in GiveGab, an Ithaca-based volunteer management software provider.

Rand’s investment was part of a broader $1.5 million round of fundraising that included three other New York venture capital firms, Cayuga Venture Fund in Ithaca, New York City-based Great Oaks Venture Captial and Excell Partners in Rochester.

The funds will help GiveGab expand the capabilities of its website and bolster its business development efforts, including the launch of additional offerings and enhancements to its volunteer management reporting capabilities. GiveGab’s software matches volunteers with opportunities and then tracks the number of hours they spend with the organization.