Jeffrey Katzenberg’s WndrCo, Michael Ovitz Invest in Production Payroll Startup Wrapbook as Part of $27M Round
Todd Spangler NY Digital EditorWhile Jeffrey Katzenberg’s Quibi is dead and gone (except for a lingering legal dispute), his investment firm WndrCo is still actively funding other young startups.WndrCo co-led a $27 million Series A funding round in Wrapbook, a financial services startup catering to the gig economy initially focused on the entertainment industry. Also leading the funding were venture-capital firms Andreessen Horowitz, Equal Ventures and Uncork Capital and Michael Ovitz, the one-time Hollywood super agent.The company’s tech platform is designed for production companies to manage on-boarding, payroll, insurance and other functions, as well as to let cast and crew members and employees track their payments.