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Entertainment payroll startup Wrapbook raises $27M round led by A16Z – TechCrunch


Entertainment payroll startup Wrapbook raises $27M round led by a16z
Wrapbook, a startup that simplifies the payroll process for TV, film and commercial productions, has raised $27 million in Series A funding from noteworthy names in both the tech and entertainment worlds.
The round was led by Andreessen Horowitz, with participation from Equal Ventures and Uncork Capital, as well as from WndrCo (the investment and holding company led by DreamWorks and Quibi founder/co-founder Jeffrey Katzenberg) and from CAA co-founder Michael Ovitz.
“It’s time we bring production financial services into the 21st century,” Katzenberg said in a 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.” ....

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Wrapbook raises $34 million CAD to capitalize on digital transformation in entertainment industry


Wrapbook raises $34 million CAD to capitalize on digital transformation in entertainment industry
Wrapbook, a Toronto and New York-based startup at the intersection of entertainment and FinTech, has raised a $34 million CAD ($27 million USD) Series A round led by Andreessen Horowitz.
Wrapbook offers payroll software specifically for media production companies. Cast and crew members create profiles that allow media companies to complete payroll without users having to refill employment paperwork with every new company they work with. The Series A round involved all new capital and Wrapbook has raised approximately $40 million CAD total, to date.
After launching during COVID-19, the startup claims its revenue has increased “sevenfold.” ....

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