Overview

Wrapbook provides a digital payroll and production management platform specifically designed for the entertainment industry. It serves clients such as film and TV production companies and commercial producers by offering efficient payroll solutions that comply with industry regulations. The platform simplifies payroll processes by allowing users to collect timecards through the app, which generates smart timecards based on factors like pay rate and union status. This ensures compliance while reducing paperwork. Users can also upload and manage important project documents, keeping all cast, crew, and vendor information organized in one place. Wrapbook differentiates itself from competitors by integrating with popular accounting software like QuickBooks, which streamlines financial management and reduces administrative tasks. The company's goal is to provide a fast, digital, and secure way to handle entertainment payroll and production needs, ultimately saving clients time and effort.

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

$150.4M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

Bessemer Venture PartnersTiger GlobalAndreessen Horowitz

Notable Investors:

Bessemer Venture PartnersTiger GlobalAndreessen Horowitz

$20,000,000

Late VC

Sep 2024

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