Wrapbook, a pioneering employer-of-record service for the entertainment sector, has successfully raised $20m in equity financing from Bessemer Venture Partners.
This investment values Wrapbook at a staggering $750m and comes with a unique secondary tender offer targeted at eligible Wrapbook employees, allowing them to sell a portion of their equity.
As an integral player in entertainment payroll and production accounting, Wrapbook is redefining the efficiency of film finance and production teams.
Their platform enhances real-time operational capabilities, fosters collaboration across teams, and delivers actionable insights through advanced reporting and dashboards.
Wrapbook’s growing influence is evident with over 1,000 companies utilizing their system, significant adoption among major studios, and a user base that includes over 175,000 workers and 40+ talent agencies. These figures underscore Wrapbook’s central role in transforming production finance.
Ali Javid, CEO of Wrapbook, emphasized the transformative impact of their platform: “Wrapbook 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.”
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