Wrapbook, a payroll services startup aiming to compete with business such as Cast & Crew, raised $27 million Series A Round of financing led by Jeffrey Katzenberg’s WndrCo, Michael Ovitz, Andreessen Horowitz, Equal Ventures and Uncork Capital.
“It’s time we bring production financial services into the 21st century,” said Jeffrey Katzenberg in a released statement “We need a technology solution that will address the increasing complexities of production onboarding, pay and insuring cast and crew, only exacerbated by COVID-19, and I believe that Wrapbook delivers.”
The company was founded in 2018 and reported that it has experienced notable growth since the start of the pandemic, having been used for TV, film, live and commercial productions. “With this great group of tech and entertainment leaders, we will transform the industry with easy to use software built for production,” said Wrapbook co-founder and CEO Ali Javid.
Seed round investors included Equal Ventures, Uncork Capital, founder of Paylocity Steve Sarowitz and 4S Bay Partners. Wrapbook maintains bases in Los Angeles, New York and Toronto.
