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About Wrapbook
Industries
Enterprise Software
Financial Services
Entertainment
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$150.5M
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 automates the payroll process by generating smart timecards that consider factors like pay rate, overtime, and union status. This eliminates the need for paper timecards and reduces administrative tasks. Users can also upload and store important project documents, making it easier to manage information about cast, crew, and vendors. Wrapbook integrates with accounting software like QuickBooks, allowing for streamlined financial management. The company's goal is to simplify the complex payroll processes in the entertainment industry, saving clients time and reducing the burden of paperwork.
Simplify's Take
What believers are saying
- Wrapbook raised $20 million, valuing the company at $750 million in 2023.
- The platform's digital-first approach aligns with the industry's sustainability focus.
- Wrapbook's new cost-management tools enhance collaboration between production and accounting teams.
What critics are saying
- Increased competition from established players like Cast & Crew threatens market share.
- Ongoing entertainment industry strikes may reduce demand for Wrapbook's services.
- New privacy regulations could increase compliance costs for Wrapbook.
What makes Wrapbook unique
- Wrapbook offers a comprehensive digital payroll platform for the entertainment industry.
- The platform integrates with QuickBooks, Sage Intacct, Oracle Netsuite, and Acumatica.
- Wrapbook provides built-in union compliance, streamlining complex entertainment payroll processes.
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Funding
Total Funding
$150.4M
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
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%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.
Wrapbook is Hiring for 15 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Wrapbook
Industries
Enterprise Software
Financial Services
Entertainment
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$150.5M
Headquarters
Toronto, Canada
Founded
2018
Wrapbook is Hiring for 15 Jobs on Simplify!
Find jobs on Simplify and start your career today