Wrapbook has secured a $20 million investment from Bessemer Venture Partners, which places the company's valuation at $750 million while modernizing entertainment payroll and accounting.
The new funding will accelerate Wrapbook's efforts in enhancing their NextGen payroll and production accounting solutions, catering to the evolving needs of the entertainment industry.
Alongside the investment, a secondary tender offer has been introduced, providing eligible Wrapbook employees an opportunity to liquidate a portion of their equity.
This transaction reflects Wrapbook's commitment to acknowledging and valuing its employees' contributions to the entertainment sector, strengthening their ties to the industry.
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