Wrapbook Scoops Up M at 0M Valuation

BURBANK, CA, Wrapbook today announced a $20 million investment from Bessemer Venture Partners, valuing the company at $750 million.

Wrapbook, the employer-of-record service modernizing entertainment payroll and production accounting, today announced a $20 million investment from Bessemer Venture Partners, valuing the company at $750 million. Additionally, the parties have launched a secondary tender offer, allowing eligible Wrapbook employees to sell a portion of their equity. With this transaction Wrapbook is proud to recognize its employees’ contributions to the industry.

Wrapbook is the force multiplier for production finance teams in the entertainment industry, specializing in payroll and production accounting. By uniting advanced technology with a groundbreaking service model across all segments, Wrapbook amplifies the capabilities of film finance professionals. The platform empowers production accountants, payroll specialists, and finance executives to work more efficiently, strategically, and compliantly. From studio projects to independent productions, Wrapbook’s innovative solution is trusted by thousands of companies to manage payroll, track expenses, and streamline accounting workflows in real-time. By enhancing the impact of finance professionals, Wrapbook enables the entire production ecosystem to focus on bringing creative visions to life, with less friction and more data intelligence.

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By VC News Daily

Source: VC News Daily