Wrapbook, a Hollywood-focused payroll and accounting services startup for film and TV productions, has raised $20 million in funding led by Bessemer Venture Partners, valuing the company at $750 million, down from its previous $1 billion valuation in 2021. With plans to expand from 280 to 400 employees, Wrapbook aims to challenge established industry rivals like Cast & Crew and Entertainment Partners by providing a modern, digital alternative to traditional payroll services. The investment will support Wrapbook’s growth as it continues to serve over 1,000 companies, offering streamlined financial solutions to studios, agencies, and other entertainment clients.
Hollywood Payroll Startup Wrapbook Raises $20M to Compete with Entrenched Rivals
