Wrapbook raises $27 million

Wrapbook, the provider of payroll, insurance, and compliance for the entertainment industry, announced a $27 million Series A round led by technology and entertainment industry investors Andreessen Horowitz, Equal Ventures, Uncork Capital, Jeffrey Katzenberg’s WndrCo, and Michael Ovitz.

Founded in 2018, Wrapbook is focused on solving the unique challenges that project-driven industries face – onboarding, paying, insuring, accounting, factoring in the nature of the work, hazards, and timing of payment.

In terms of insurance, Wrapbook offers workers’ comp and production insurance that protects the project, crew, and equipment.

“We are replacing what has essentially been a paper-driven process with a completely digital system in order to increase prosperity for both employees and employers. Our goal is to replace the pain points of the current cobbled-together approach with an easy-to-use platform that meets everyone’s needs. – Cameron Woodward, co-founder, CMO Wrapbook.

“With this great group of tech and entertainment leaders, we will transform the industry with easy-to-use software built for production.” – Ali Javid, cofounder, CEO Wrapbook.

“It’s time we bring production financial services into the 21st century. 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.” – Jeffrey Katzenberg, managing partner WndrCo.

“Wrapbook clearly understands the needs of the project-based economy and takes a fresh approach to the complex problem of getting project-based workers paid efficiently. We are impressed with the management team’s breadth of experience and their incredible early momentum.” – Kristina Shen, General Partner at Andreessen Horowitz.