Oyster®, a London and San Francisco, CA-based company that delivers exceptional team member experiences for global teams with its fast, compliant, and robust global employment platform, announced that it raised $150 million in Series C funding at a $1 billion-plus valuation.
The round was led by Georgian, was joined by Salesforce Ventures, LinkedIn, the Base10 Partners Advancement Initiative, Okta, and Endeavor Catalyst, along with existing investors Stripes, Emergence Capital, PayPal Ventures, Slack Fund, Avid Ventures, PeopleTech Partners, and HR Tech Investments, an affiliate of Indeed.
The company has raised a total of $227 million to date. Oyster plans to use the Series C funding to further develop its global employment platform and invest in the People Ops community.
In addition, the company will continue its work toward creating a gold standard distributed culture and delivering on its high-impact social mission.
Company: Oyster HR Inc.
Raised: $150.0M
Round: Series C
Funding Month: April 2022
Lead Investors: Georgian
Additional Investors: Salesforce Ventures, LinkedIn, the Base10 Partners Advancement Initiative, Okta, Endeavor Catalyst, Stripes, Emergence Capital, PayPal Ventures, Slack Fund, Avid Ventures, PeopleTech Partners, and HR Tech Investments
Company Website: https://www.oysterhr.com/
Software Category: HR Software
About the Company: 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 global teams. It enables growing companies to give valued international team members the experience they deserve, without the usual headaches or expenses. Oyster empowers hiring anywhere in the world with reliable, compliant contracts, payroll, and great local benefits and perks. Oyster is itself a fully distributed company with a diverse, global team.
Source: https://www.prnewswire.com/news-releases/oyster-raises-150m-in-series-c-funding-at-a-1-billion-plus-valuation-301529113.html