Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
WrapBook, a Canada-based payroll processing platform backed by New York University (NYU)’s Innovation Venture Fund, has obtained $3.6m of seed funding led by Equal Ventures with contributions from Uncork Capital and 4S Bay Partners, Dot.la has reported. The company offers software that lets employers in the media and creative sectors digitally process wages, insure employees and pay tax contributions from within a single application. The seed round includes the conversion of an earlier simple agreement for future equity with NYU Innovation Venture Fund and One Planet Ops, according to the report. WrapBook has operations in New York but is headquartered in Toronto, Canada.
