The Venture Codex Logo

The Venture Codex

Kayne Anderson Rudnick

2000 Avenue of the Stars, Suite 1110, Los Angeles, CA, 90067, United States

Overview

Kayne Anderson Rudnick is an investment firm specializing in investments in its various US and international equity strategies.

Total investments
4
Lead investments
0
Investments · 12mo
1
Active investors
11

Sector focus

  • Financial Services
Visit website

Investment portfolio

  • Wonder

    Participated · Series D · Jul 2026

    Wonder builds a vertically integrated food technology platform combining chef-developed concepts, third-party restaurant marketplace listings and at-home meal kits in a single customer experience. Its proprietary kitchen technology includes the Infinite Kitchen and the only fully automated bowl-making system in live commercial production, and the platform supports multi-restaurant ordering within a single order. The company has expanded rapidly, reporting its footprint tripled from 46 to 140 locations since May 2025. Wonder is investing in robotics, artificial intelligence and delivery infrastructure, including a partnership with Zipline to pilot on-demand drone delivery in Texas. Marc Lore is founder and CEO, and the company positions itself to own mealtime from recipe development through autonomous delivery. Financially, the company raised $650 million in a Series D at a $9 billion pre-money valuation to fund its expansion and technology investments.

  • SecurityScorecard

    Participated · Series E · Mar 2021

    SecurityScorecard offers a platform that assigns A–F letter grades to companies’ security postures across multiple dimensions, giving organizations a standardized way to assess vendor risk. The company reports ratings on more than 2 million companies worldwide and says it can rate a new company in about five minutes. Every company can view its own scorecard for free and receives guidance on how to improve its score. SecurityScorecard has 17,000 customers globally, including seven of the top ten pharmaceutical companies. Founded in 2014, the firm positions its scoring system as a metric set that previously did not exist for CISOs and security teams. Leadership cites the SolarWinds breach as an example where SecurityScorecard’s ratings reflected risks before the incident. SecurityScorecard provides a platform that generates security ratings and granular risk data across a broad range of categories (including Web, Application Security, Patching Cadence, Network Security, Hacker Chatter, Social Engineering, Leaked Credentials, DNS Health, Endpoint Security, IP Reputation and Cubit Score). Its ratings are used across 175 countries for cybersecurity insurance underwriting, M&A due diligence, reputation management and vendor risk management. The company completed a $50M Series D in 2019, bringing total funding to $110M. The round was led by Riverwood Capital with participation from existing investors such as Evolution Equity, Intel Capital, Two Sigma, AXA Ventures and Accomplice. SecurityScorecard intends to use the funds to expand its product suite and platform, further corporate growth, and accelerate global expansion. The company was founded in late 2013 and is based in New York City. SecurityScorecard offers a platform that provides CISOs, security practitioners, risk management professionals, and boards an outside-in view of the security posture of their IT infrastructure and third- and fourth-party vendors. The platform continuously monitors the security posture of more than 200,000 enterprises and government agencies worldwide and evaluates them on hundreds of indicators of compromise. It assigns an A-to-F rating and delivers actionable intelligence to help security teams remediate vulnerabilities. The company intends to use proceeds from the Series C to bring new solutions to market. SecurityScorecard was founded in late 2013 by Dr. Aleksandr Yampolskiy and Sam Kassoumeh and is headquartered in New York City. The company raised $27.5M in Series C financing to support those plans. SecurityScorecard provides a platform that unobtrusively scans external signals from company networks and assigns A-to-F cybersecurity grades used to evaluate vendors and internal security. The company currently tracks and grades 100,000 companies. Management says the product is intended as a technology-driven alternative to vendor questionnaires for assessing vendor risk. The founders plan to use new funding to expand the company's reach overseas and add talent. CEO Dr. Aleksandr Yampolskiy co-founded the company in 2013 after leaving a security role at Gilt Groupe. Headcount has grown from roughly 15–20 employees to over 85 since the prior financing. Security Scorecard offers a platform that helps businesses predict and remediate potential security risks and to collaborate on security issues with partners and vendors. Founded in 2013 by CEO Dr. Aleksandr Yampolskiy and COO Sam Kassoumeh, the company targets enterprise customers. Its client base includes Fortune 500 leaders in financial services, retail, healthcare and manufacturing, including Trinet, Gilt Groupe, Deerfield Management, Shutterstock, and Harry’s. In March 2015 Security Scorecard raised $12.5M in a Series A financing. The round was led by Sequoia Capital with participation from existing backers Boldstart and Evolution Equity Partners. Sequoia partner Michael Goguen joined Security Scorecard’s board as part of the deal.

  • Duck Creek Technologies

    Participated · Equity · Jun 2020

    Duck Creek delivers a suite of SaaS applications for property & casualty insurers covering policy administration, billing, claims, analytics, industry content, distribution management, and reinsurance management. Its Duck Creek OnDemand offering is described in the press release as the leading SaaS core system solution for the P&C industry. The company said it will use the $230 million investment to continue investing in business growth, extend the capabilities of its SaaS solutions, and repurchase equity from certain existing investors. The announcement states Duck Creek is investing heavily in product development and international expansion. The Duck Creek Suite is positioned to support insurers’ digital transformations by providing open, highly configurable core systems. The press release was issued from Boston on June 10, 2020. Duck Creek offers a suite of SaaS solutions for P&C insurers, including policy administration, billing, claims, analytics, industry content, distribution management, and reinsurance management. Its enterprise SaaS platform, Duck Creek OnDemand, is available as standalone modules or a full suite and has been adopted by insurers around the world. The company emphasized continued heavy investment in product development and international expansion. Duck Creek reported 32% growth in SaaS revenue for the fiscal year ended August 31, 2019 versus fiscal 2018. Proceeds from the new investment will be used for ongoing business investment and to repurchase equity from certain existing investors. The company was established as a new, independent entity in 2016 when funds advised by Apax Partners acquired a majority stake from Accenture.

  • BILL

    Participated · Equity · Apr 2019

    Bill.com offers a cloud Payment Management Platform that automates, streamlines, and controls AP and AR and other back‑office payment processes for SMBs. The platform integrates with major accounting software providers (NetSuite, Intacct, QuickBooks, Xero) and is used by more than 3 million members. Bill.com manages over $60 billion in annual payment volume and says it saves more than 50% of the time typically spent on payments. More than 70 of the top 100 U.S. accounting firms leverage Bill.com to help clients automate payments and provide advisory services. The company emphasizes scaling adoption through partnerships with leading financial institutions and technology companies to digitize a large, under‑digitized B2B payments market. Bill.com operates a cloud payments network that automates AP and AR to reduce reliance on paper checks and streamline financial back-office workflows. Its platform saves businesses up to 50% of the time typically spent on financial back-office operations by securely automating end-to-end processes. The network has over 2.5 million members, processes $50 billion in payments annually, and serves more than 100,000 customers; more than 1% of U.S. businesses use the Bill.com network to pay or get paid. Bill.com partners with four of the top 10 U.S. banks, over 50 of the top 100 accounting firms, and integrates with major accounting software providers including Intuit and Xero; it is the preferred provider for CPA.com. Headquartered in Palo Alto, California, the company plans to accelerate distribution into banks and accounting firms and drive wider adoption of digital business payments using the new capital. Bill.com provides a suite of digital payments solutions that simplify bill payment and invoicing processes for SMBs. Its applications automate A/P and A/R workflows and integrate banks and accounting software, with three of the top ten national banks and 35 of the top 100 accounting firms using the platform. In the past 12 months the network grew over 100% to more than 600,000 members and the company now moves over $19 billion annually. Recent product launches include Bill.com Fast Pay, Bill.com Payments for NetSuite, and Intacct Sync 2.0. The company says its automation can save customers up to 50% of the time typically spent on financial back‑office operations. Bill.com plans to use new capital to continue scaling its network, expand its core technology, and deliver digital payments solutions nationwide. Bill.com operates a platform that connects banks, accounting services and customers via APIs to handle payables, receivables and cash management, aiming to automate back-office workflows. The company plans to invest the new funding to add more payables features for larger customers, integrate with CRM providers to turn sales orders into invoices, enable customers to extend their own platforms, and enhance cash-flow visualization. Bill.com's platform abstracts complex back-office data flows through a network of API connections and integrations with partners such as Xero. CEO and co-founder René Lacerte highlighted a market opportunity where banks process about 80% of consumer payments but only 20% of business payments, which Bill.com targets. The company faces product-development tradeoffs as the platform must be fortified to scale, exposing it to competition from Netsuite, QuickBooks and Concur and nimbler startups. Financially, Bill.com raised $38M in an oversubscribed round and has now raised $80M in total. Bill.com offers a web-based platform for bill payment, invoicing and cash management that integrates with major accounting and banking systems. The service connects with QuickBooks Online, Intacct, NetSuite, Sage Peachtree, Google Apps and PayPal Business. The company says it has grown over 300% this year and added “tens of thousands of new customers and vendors.” Its platform now manages more than $3 billion in payments. Bill.com positions itself as a high-volume payments network for businesses and continues to expand its integrations and customer base. The company has raised multiple rounds of financing to support its growth.

Team

  • Richard Kayne

    Co-Founder

    LinkedIn
  • Allan M. Rudnick

    Co-Founder

    LinkedIn
  • John E. Anderson

    Co-Founder

  • Chris Armbruster

    Portfolio Manager

    LinkedIn