Oyster Raises $59 Million in Series D
Oyster, a San Francisco, CA-based global employment solution to employ, pay, and care for distributed teams, has raised $59 million in Series D funding at a $1.2 billion valuation.
The round was led by Silver Lake Waterman, with participation from existing investors Emergence Capital, Stripes, Georgian, G2 Venture Partners, and Endeavor Catalyst, brings Oyster's total funding to $286 million.
Silver Lake Waterman focuses on providing flexible expansion capital to later-stage growth companies in the technology and technology-enabled industries.
The company will use the funding to accelerate platform development, enhance compliance, and improve talent attraction and retention.
Founded in January 2020 by Tony Jamous and Jack Mardack, Oyster is a global employment platform that empowers companies to hire, pay, and care for their international teams. It helps growing companies provide valued international team members with a seamless experience, free from administrative burdens and expenses. Oyster supports people-centric hiring anywhere in the world with reliable, compliant contracts, payroll, and local benefits and perks. Oyster is a fully distributed company with a diverse, global team, its mission is to create a more equitable world by democratizing access to global job opportunities so that everyone, everywhere, has the chance to prosper. Notable customers include Lokalise, Quora, and Printify.
Funding Details
Company: Oyster HR, Inc.
Raised: $59.0M
Round: Series D
Funding Date: September 2024
Lead Investor: Silver Lake Waterman
Additional Investors: Emergence Capital, Stripes, Georgian, G2 Venture Partners, Endeavor Catalyst
Company Website: https://oysterhr.com/
Software Category: Human Resources Management