Wrapbook Raises Equity Financing at a $750M Valuation, Plus Launch of Secondary Tender Offer for Employees from Bessemer Venture Partners
Primary funding accelerates investment into Wrapbook’s NextGen payroll and production accounting solution for the industry’s evolving needs.
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* Wrapbook employees to sell a portion of their equity. With this transaction Wrapbook is proud to recognize its employees’ contributions to the industry.
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.
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. “Wrapbook acts as a force multiplier for finance executives, production accountants and producers,” said Ali Javid, CEO of Wrapbook. “Our platform and elevated services model allow these crucial team members to manage complex processes efficiently and contribute more strategically to the productions’ success.”
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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.”
“We are imaging a new, better way to manage production finance with the support of our customers and the industry,” said Cameron Woodward, Co-Founder of Wrapbook.
Wrapbook is grateful to those who are propelling forward Wrapbook as a new standard for the industry:
– 1,000+ companies who use Wrapbook
– 4 studios have signed up for Wrapbook to be used with their productions in the last year
– 175,000+ workers who have created a digital profile to be paid through
– 40+ talent agencies including CAA & WME who have adopted profiles for their talent
– 50% YoY Revenue Growth
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