Wrapbook joined the Unicorn Club on November 9, 2021, after raising a $100 million Series B funding round led by Tiger Global Management, valuing the company at $1 billion. Headquartered in New York City, New York, United States, Wrapbook provides payroll and financial management software built specifically for the entertainment industry. The company has raised $151 million to date and employs 258 people (as of July 2023).
Keep reading to learn more about how Wrapbook is transforming entertainment payroll with automation, compliance, and digital-first financial management.
What Is Wrapbook and What Does It Do?
Founded in 2018, Wrapbook is a cloud-based payroll management platform tailored for the film, television, and entertainment industries. It provides solutions for production payroll, cost tracking, tax filing, digital payments, and crew onboarding. The platform enables producers, accountants, and freelancers to automate administrative tasks, streamline payment cycles, and maintain compliance with union and labor laws.
Beyond payroll, Wrapbook also offers insurance services for filmmakers, crew members, and production teams, covering rental equipment, general liability, and third-party property damage. Available through a subscription-based model, Wrapbook integrates compliance, payroll, and insurance into one seamless digital platform for creative professionals.
How Much Funding Has Wrapbook Raised?
- Series B
- Amount Raised: $100M
- Date: November 9, 2021
- Lead Investor: Tiger Global Management
- Valuation: $1B
- Purpose: Scale operations, expand engineering and product teams, and accelerate adoption across the entertainment sector.
- Series A
- Amount Raised: $27M
- Date: April 2021
- Lead Investor: Andreessen Horowitz (a16z)
- Valuation: Undisclosed
- Purpose: Enhance payroll automation tools and strengthen industry partnerships.
- Additional Funding (2024 Update)
- Amount Raised: $20M
- Date: September 24, 2024
- Lead Investor: Bessemer Venture Partners
- Valuation: $750M
- Purpose: Product innovation and expanding its financial and insurance offerings for creative professionals.
Total Funding Raised: $151M
Latest Funding Date: September 24, 2024
Latest Valuation: $750M
Employee Count: 258 (as of July 17, 2023)
Key Investors
- Tiger Global Management
- Details: Global investment firm focused on technology-driven companies across multiple growth stages.
- Focus Areas: Fintech, HRTech, SaaS, and digital platforms.
- Bessemer Venture Partners
- Details: Venture capital firm backing early- and growth-stage startups with scalable cloud and software solutions.
- Focus Areas: SaaS, financial technology, and workforce management tools.
- Andreessen Horowitz (a16z)
- Details: Leading venture capital firm investing in next-generation internet and financial infrastructure companies.
- Focus Areas: Fintech, cloud infrastructure, and enterprise SaaS.
Where Is Wrapbook’s Headquarters?
Wrapbook is headquartered in New York City, New York, United States, where it develops its payroll and financial technology products for the film and entertainment industries. The company also maintains satellite offices supporting production hubs across North America.
What’s Next for Wrapbook?
Following its latest funding, Wrapbook plans to deepen its platform capabilities with AI-driven payroll automation, enhanced reporting tools, and expanded insurance coverage for creative professionals. The company is focused on becoming the leading financial operations hub for production companies, helping simplify complex workflows while ensuring compliance and efficiency.
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