Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Wrapbook, a company that simplifies payroll and accounting for the entertainment industry, has raised $20 million in a funding round led by Bessemer Venture Partners. The investment values Wrapbook at $750 million. The company aims to transform production finance and empower accounting teams to thrive under pressure. This funding will help Wrapbook continue to innovate its modern vertical SaaS platform, which unifies payroll and accounting for TV, film, and commercial productions in the entertainment industry.
The entertainment industry faces mounting challenges, from skyrocketing production costs and technological disruption to talent shortages in specialized fields like visual effects. These pressures create a complex landscape where financial management, technological adaptation,… https://t.co/e9qmUWDwVM
Wrapbook Raises $20M to Simplify Production Finance and Payroll for the Entertainment Industry https://t.co/ZT6ksNOzIn #startup https://t.co/Rs8MyH5Ojh
Wrapbook, which simplifies the payroll process for TV, film, and commercial productions, raised $20M from Bessemer Ventures at a $750M valuation (@erik_hayden / The Hollywood Reporter) https://t.co/K4K9clca3P https://t.co/O4fQwPa0eU
