We are excited to announce our Series A financing of $27M from Andreesen Horowitz, Jeffrey Katzenberg’s WndrCo, Michael Ovitz, Equal Ventures, and Uncork Capital. This will accelerate our mission to increase the prosperity of the project economy.
We could have only achieved this with the support of the production companies we are proud to call customers. In just the last year, the amount of payments processed through Wrapbook increased 7x -- in a pandemic. Cast and crew have been using their phones to onboard, submit timecards, and take their profile with them across all productions they work for.
In fact, 12% of all workers on Wrapbook have already used their profile across two production companies.
Today is only the beginning. With this financing from the brightest minds in entertainment and technology, we will double down on what’s working and continue building out our platform based on your feedback.
We prosper when our community does -- when UPMs go home early because they know payments were made compliantly, when cast and crew leave a job knowing their payment is en route, and when productions onboard everyone in minutes, because each employee has a Wrapbook profile.
To our current customers, we thank you for your partnership and continued input into our services. And those who are interested in joining the Wrapbook community as a customer, partner, or employee, we’re listening.
Ali, Naysawn, Hesham, Cameron, and the entire Wrapbook team
*This post was originally published March 8th, 2021.
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