Wrapbook, the employer-of-record service modernizing entertainment payroll and production accounting, 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* It’s employees to sell a portion of their equity. With this transaction it is proud to recognize its employees’ contributions to the industry.
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Wrapbook accelerates film finance and production accounting teams processes though:
Accelerated Speed and Efficiency: Enable production finance teams to operate in real-time with numbers they can trust.
Elevate Collaboration: Bring all teams together in one system to work towards a common goal of wrapping a production on budget compliantly.
Make Better Decisions Faster: Understand insights across all projects, entities, divisions, and crews through NextGen reporting and dashboards.
Ali Javid, CEO of Wrapbook said, “In an industry grappling with tightening budgets, production pauses, and complex financial management, Wrapbook has emerged as a critical solution for teams to get more work done faster, and with greater fidelity. it acts as a force multiplier for finance executives, production accountants and producers, Our platform and elevated services model allow these crucial team members to manage complex processes efficiently and contribute more strategically to the productions’ success.”
Mary D’Onofrio, Partner at Bessemer Venture Partners, added, “Wrapbook’s technology fundamentally enhances the capacity and impact of production finance teams. We’ve been pursuing this investment for years, recognizing its potential to reshape entertainment finance.”
Cameron Woodward, Co-Founder of Wrapbook said, “We are imaging a new, better way to manage production finance with the support of our customers and the industry,”.
About Wrapbook
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, it amplifies the capabilities of film finance professionals. The platform empowers production accountants, payroll specialists, and finance executives to work more efficiently, strategically, and compliantly.
