How Much Did Wrapbook Raise? Funding & Key Investors

Wrapbook has successfully raised funds through four venture funding rounds, with recent investments from Bessemer Venture Partners and WndrCo. The platform offers digital production payroll and cost-tracking services, providing tools for automated timecards and compliance tracking.

Keep reading to explore the intricacies of Wrapbook's fundraising journey and the investors backing this innovative platform.

What Is Wrapbook?

Wrapbook is a digital production payroll and cost-tracking platform based in New York, New York, United States. The company operates in the Finance, Financial Services, FinTech, Payments, and SaaS industries, providing tools for automated timecards and compliance tracking.

Founded by a team of industry experts, Wrapbook has grown to employ between 101-250 people. The platform is designed to streamline production payroll and accounting, offering services such as onboarding, accounts payable, and data insights, all powered by AI.

How Much Funding Has Wrapbook Raised?

1. Seed Round
   • Amount Raised: USD 3,600,000
   • Date: August 2020
   • Lead Investors: Equal Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Initial growth and development of the platform to bring production financial services into the 21st century.
2. Series A
   • Amount Raised: USD 27,000,000
   • Date: March 2021
   • Lead Investors: Andreessen Horowitz
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance platform features.
3. Series B
   • Amount Raised: USD 100,000,000
   • Date: November 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: USD 1 billion
   • Motivation Behind the Round: Further expansion and scaling, leveraging the pre-AI hype market climate for tech-centric companies.
4. Series Unknown
   • Amount Raised: USD 20,000,000
   • Date: September 2024
   • Lead Investors: Bessemer Venture Partners
   • Valuation at Round: USD 750 million
   • Motivation Behind the Round: To compete with entrenched rivals, expand staff, and enhance the capacity and impact of production finance teams.

Total Amount Raised: USD 150,600,000. Current Valuation: USD 750 million.

Key Investors

• Bessemer Venture Partners
  • Details: Bessemer Venture Partners is a venture capital firm that helps entrepreneurs build and grow companies. They manage over $18 billion in assets and have a global presence with teams in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore.
  • Investment Focus Areas: Enterprise, Consumer, Healthcare
  • Notable Investments: Pinterest, Shopify, LinkedIn
• Andreessen Horowitz
  • Details: Andreessen Horowitz is a well-known venture capital firm that invests in technology companies across various sectors. They have a significant influence in the tech industry and have backed numerous successful startups.
  • Investment Focus Areas: Technology, FinTech, SaaS
  • Notable Investments: Facebook, Airbnb, Slack
• Equal Ventures
  • Details: Equal Ventures is a venture capital firm focused on early-stage investments in technology-driven companies. They aim to support innovative startups that have the potential to disrupt traditional industries.
  • Investment Focus Areas: Technology, Early-Stage Startups, Disruptive Innovations
  • Notable Investments: Specific notable investments are not mentioned.
• Uncork Capital
  • Details: Uncork Capital is a venture capital firm that invests in early-stage technology startups. They have a track record of supporting companies that go on to achieve significant growth and success.
  • Investment Focus Areas: Early-Stage Technology Startups, SaaS, Consumer Tech
  • Notable Investments: Eventbrite, Postmates
• Tiger Global Management
  • Details: Tiger Global Management is an investment firm that focuses on technology companies, often leading large funding rounds. They have a diverse portfolio and are known for their strategic investments in high-growth companies.
  • Investment Focus Areas: Technology, High-Growth Companies, Global Markets
  • Notable Investments: Spotify, Stripe, ByteDance

What's Next for Wrapbook?

Wrapbook is poised to capitalize on significant opportunities in the entertainment industry. With a recent $20 million investment, the company plans to expand its workforce and enhance its NextGen payroll and production accounting solution. This growth is driven by the increasing demand for efficient and collaborative financial management tools in Hollywood.

Future fundraising opportunities appear promising, as Wrapbook continues to attract interest from venture capital firms. The company's innovative approach and market potential make it a strong candidate for additional investments. However, challenges such as competition from established players and navigating industry complexities remain. Successfully addressing these hurdles will be crucial for Wrapbook's sustained growth and market dominance.

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