Oyster, a global employment platform, has raised $59 million in Series D funding, bringing its total funding to $286 million. This round was led by Silver Lake Waterman, with participation from existing investors like Stripes, Emergence Capital, Georgian, G2 Venture Partners, and Endeavor Catalyst. With this investment, the company hit a valuation of $1.2 billion.
According to the press release, the funding will enable Oyster to accelerate its platform roadmap, expand its impact, strengthen its customers’ compliance posture, and enhance its ability to attract and retain top talent.
Tony Jamous, co-founder and CEO of Oyster, shared that the recent funding round confirms their strategy of building the compliance and compensation intelligence infrastructure companies need for global growth.
He also emphasized that Oyster’s success is rooted in their strong commitment to their mission: to make it possible for companies to hire people anywhere in the world, helping to create a more sustainable and fair future for everyone. He expressed pride in being part of a movement that makes people-focused employment accessible to workers worldwide.
Shawn O’Neill, Managing Partner of Silver Lake Waterman, commented that global employment is very complex with many moving parts. He noted that Oyster has become a top solution in this area by addressing these traditional challenges effectively. O’Neill believes that Oyster is well-positioned to continue providing the specialized HR solutions needed for today’s global employment landscape.
(Image Credit: Oyster)
About Oyster:
Founded in 2020, Oyster is a global employment platform with compliant, automated hiring and deep local intelligence. With Oyster, businesses can onboard, pay, manage, and support full-time employees and contractors with accurate local knowledge.
Its automated global hiring process allows companies to create compliant employment agreements and set up payroll and benefits. Oyster supports payroll management in over 140 currencies, enabling the processing of salaries, expenses, and bonuses from a unified dashboard. Besides, you can access pre-created local and global benefits packages, helping your businesses stay compliant and competitive in various markets.
