Wrapbook Raises $100 Million in Series B Financing

Wrapbook, a virtual monetary services framework for the project economic system based in Los Angeles, New York City, and Toronto, Canada, has addressed $100 million in Series B financing.

Wrapbook includes digital statuses that help with project working population hiring and training, payment, and compliance. Wrapbook offers technology profiles that enable registration process, reimbursing, and guaranteeing workforces in media production for business owners and project-based staff. Wrapbook, as opposed to traditional payroll, is simple to use, quick to wrap, and far less expensive. Wrapbook enables the world’s best original content by allowing producers, imaginative directors, Organizations and auditors – as well as talented cast and crew to concentrate on their fantastic work instead of complicated systems, compliance hardships, and expensive trading costs.

Wrapbook received a $100 million equity financing round spearheaded by Tiger Global Management, valuing the manufacturer of quickbooks payroll for the entertainment business at $1 billion. Other shareholders involve Andreessen Horowitz, Jeffrey Katzenberg’s WndrCo, Uncork Capital, Equal Endeavors, and Kevin Hartz’s A-Star Partners, according to Wrapbook co-founder and CEO Ali Javid in a telephone conversation. The funds will be used to expand the framework and squad to meet the requirements of big studios, systems, and production houses in television, movie, adverts, and live shows.

About Wrapbook

Wrapbook was originally established in January 2018 by Ali Javid, Cameron Woodward, Hesham El-Nahhas, Naysawn Naji. The business’s main offices are in the Greater New York Area, East Coast, Northeastern US. The company is still in operation, and its most recent round of financing was Series B. The corporation ‘s lawful title is TakeOne Network, Corp., and its type of business entity is For Profit. The company focuses on Finance,Financial Services,FinTech, InsurTech, and Payments. 

Wrapbook Features

Hire workforce, consultants, and distributors as they address conformance problems such as unemployment, employment insurance, and disclosing. They have an alternative depending on whether you want an improved way to collect orientation and training forms, safeguard your film studio from liability, or pay an artist inside an alliance. Generate a Wrapbook account to manage the entire codebase of your production, from idea generation to Wrapbook preparation. Whether you’re producing a TV show, an advertisement, a film, or operating a photo studio, they make production adherence simple.

Save money by going from pitch to output in a flash. Wrapbook creates start documentation predicated on your production’s regulatory requirements, collects every fingerprint digitally, and notifies you of who is ready to begin work.

On one simple center console, you can evaluate, authorize, and process your cast and crew’s timesheets, expenditures, and equipment fees. Wrapbook determines extra shifts, taxation, and collective bargaining dues based on your configuration, making conformity simple and effective. Wrapbook determines your payroll instantaneously, so you can send payouts with a single click. Wrapbook generates tax documents, salary receipts, and detailed line item reports instantly as you run manufacturing. Access your documents quickly to send to your auditor or to enact your budget. Keep previous production documentation in your Wrapbook account, not in your filing system.

Why is Wrapbook Unique?

Consolidated

It’s your entire production in one location. Induction programs, timesheets, insurance, and wage bills are all available.

On-Demand

There will be no more delay for a paymaster. With real-time data, you’ll always know what’s going on with your paycheck.

Easy-to-Use

Startwork has been streamlined. Timecards that calculate themselves. All in one simple interface tailored to your on-set work process.

Previous Fundings

Wrapbook has raised a cumulative of $130.6 million in three rounds of financing. Their most recent financing came in the form of a Series B round on November 10, 2021. Wrapbook is supported by ten shareholders. The most subsequent shareholders are WndrCo and Equal Ventures.

Conclusion

Wrapbook, a virtual monetary services framework for the project economic system, has addressed $100 million in Series B financing. This new round of funding for Wrapbook is a testament to their success in providing an innovative virtual monetary services framework to the project economy. With operations now established in Los Angeles, New York City, and Toronto, this additional capital will help them to expand their reach even further into their target markets. We look forward to seeing how Wrapbook continues its growth and impacts the project economy with its unique services.

What does Wrapbook include?

Wrapbook includes digital statuses that help with project working population hiring and training, payment, and compliance.

What does Wrapbook offer?

Wrapbook offers technology profiles that enable the registration process, reimburse, and guarantee workforces in media production for business owners and project-based staff.

Who founded Wrapbook?

Wrapbook was originally established in January 2018 by Ali Javid, Cameron Woodward, Hesham El-Nahhas, Naysawn Naji.

How much has the firm raised to date?

Wrapbook has raised a cumulative of $130.6 million in three rounds of financing. 

Name the subsequent shareholders.

The most subsequent shareholders are WndrCo and Equal Ventures.

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