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About Wrapbook
Industries
Enterprise Software
Financial Services
Entertainment
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$146.3M
Headquarters
Toronto, Canada
Founded
2018
Overview
Wrapbook provides a digital payroll and production management platform specifically designed for the entertainment industry. It helps film and TV production companies, commercial producers, and other entertainment professionals manage their payroll efficiently and in compliance with industry regulations. The platform allows users to collect timecards through an app, which generates smart timecards based on factors like pay rate and overtime, thus simplifying the payroll process. Users can also upload and store important project documents, making it easier to manage information about cast, crew, and vendors. Wrapbook differentiates itself from competitors by offering a cloud-based solution that integrates with popular accounting software like QuickBooks, streamlining financial management and reducing administrative tasks. The goal of Wrapbook is to provide a fast, secure, and efficient way for entertainment professionals to handle payroll and production management.
Simplify's Take
What believers are saying
- Wrapbook's recent $20M funding will accelerate its NextGen payroll solution development.
- The platform's new cost-management tools improve collaboration between production and accounting teams.
- Growing demand for digital payroll solutions in entertainment boosts Wrapbook's market potential.
What critics are saying
- Increased competition from established players like Cast & Crew threatens market share.
- Entertainment industry strikes may disrupt production schedules, affecting Wrapbook's service demand.
- Reliance on third-party integrations poses risks if partners change APIs or business models.
What makes Wrapbook unique
- Wrapbook offers a unified platform for production payroll and cost management.
- The platform ensures compliance with industry standards through smart timecards and union compliance.
- Wrapbook integrates with major accounting software, enhancing financial management efficiency.
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Funding
Total Funding
$146.3M
Above
Industry Average
Funded Over
4 Rounds
Bessemer Venture Partners
Tiger Global
Andreessen HorowitzBenefits
Unlimited Paid Time Off
Remote Work Options
Health Insurance
Dental Insurance
Home Office Stipend
401(k) Company Match
401(k) Retirement Plan
Professional Development Budget
Phone/Internet Stipend
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -2%2 year growth
↓ -2%That's why Wrapbook is excited to announce the launch of its new Government Forms Database, a comprehensive resource designed to be your one stop shop for government documentation.
In earlier funding rounds, Wrapbook secured $3.6 million in seed funding in 2020, followed by a $27 million Series A in 2021.
Wrapbook secures $20 million in funding to revolutionize production payroll and accounting.
Wrapbook announced a $20 million investment from Bessemer Venture Partners, valuing the company at $750 million. They also launched a secondary tender offer for eligible employees to sell a portion of their equity. The funding will accelerate investment in Wrapbook's NextGen payroll and production accounting solution, enhancing speed, efficiency, and collaboration for production finance teams.
Wrapbook raises equity financing at a $750M valuation, plus launch of secondary tender offer for employees from Bessemer Venture Partners.
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About Wrapbook
Industries
Enterprise Software
Financial Services
Entertainment
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$146.3M
Headquarters
Toronto, Canada
Founded
2018
Wrapbook is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today