About The Wrap
The Wrap is a company based in Los Angeles (United States) founded in 2008.. The Wrap has raised $3.5 million across 3 funding rounds from investors including Maveron. The Wrap has completed 1 acquisition, including VideoInk. The Wrap operates in a competitive market with competitors including Yandex, Brightly, Highsnobiety, UGO Entertainment and LittleThings, among others.
- Headquarter Los Angeles, United States
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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- Legal Name The Wrap News Inc
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Funding Insights of The Wrap
The Wrap has successfully raised a total of $3.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $2 million completed in April 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $2.0M
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First Round
First Round
(11 Aug 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2010 | Amount | Series B - The Wrap | Valuation |
investors |
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| Jan, 2009 | Amount | Series A - The Wrap | Valuation |
investors |
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| Aug, 2008 | Amount | Seed - The Wrap | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The Wrap
The Wrap has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Maveron. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in consumer businesses, emphasizing technology and human behavior.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by The Wrap
The Wrap has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include VideoInk. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Video content services are provided by VideoInk in New York.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - The Wrap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Wrap Comparisons
Competitors of The Wrap
The Wrap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Yandex, Brightly, Highsnobiety, UGO Entertainment and LittleThings, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blog focusing on music, market, video, and other related topics
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Online platform offering diversified lifestyle news
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| domain | founded_year | HQ Location |
Online streetwear, sneaker, and lifestyle magazine and foundation focused on education investments for minorities
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| domain | founded_year | HQ Location |
Operates an online website featuring humor, entertainment, and games.
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| domain | founded_year | HQ Location |
Digital media platform with inspirational content
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on The Wrap
Frequently Asked Questions about The Wrap
When was The Wrap founded?
The Wrap was founded in 2008.
Where is The Wrap located?
The Wrap is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is The Wrap a funded company?
The Wrap is a funded company, having raised a total of $3.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Aug 11, 2008.
What does The Wrap do?
TheWrap is a web-based news network that covers business, entertainment, and media. It was founded by journalist Sharon Waxman. Apart from the news coverage business, it also hosts Wrap events, a series of high-profile gatherings of thought leaders, The Grill an executive leadership conference centered on the convergence of entertainment, media, and technology. TheWrap is a portfolio company of Mavero, a Seattle-based VC firm. It has numerous accolades - Best Entertainment website in 2012, the best online news site in both 2012 and 2009 at the National Entertainment Journalism Awards. TheWrap was also named one of the 100 Most Important Online Publishers in 2010 by OMMA.
Who are the top competitors of The Wrap?
The Wrap's top competitors include Yandex, Brightly and Highsnobiety.
How many acquisitions has The Wrap made?
The Wrap has made 1 acquisition, including VideoInk.
Who are The Wrap's investors?
The Wrap has 1 investor. Key investors include Maveron.
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