Oyster, a San Francisco, CA-based provider of a solution to employ, pay, and care for distributed teams, raised $59M in Series D funding.
The round was led by Silver Lake Waterman, with participation from existing investors, including Emergence Capital, Stripes, Georgian, G2 Venture Partners, and Endeavor Catalyst.
The company intends to use the funds to accelerate its platform roadmap, scale its impact, improve its customers’ compliance posture, and enhance its customers’ ability to attract and retain talent.
Led by Tony Jamous and Jack Mardack, Oyster provides an employment platform that empowers companies to hire, pay, and care for their global teams. It enables people-centric hiring anywhere in the world with compliant contracts, payroll, and local benefits and perks. In the last year, Oyster launched a variety of products and services to give companies more tools and insights to scale their global operations with confidence. Global Payroll and Visa Sponsorships help simplify operations and support borderless teams, while the Salary Insights tool provides fair compensation recommendations for domestic and international employees. Additionally, Oyster Embedded provides a no-code solution that enables customers to offer global hiring, payroll, and rewards right within their own product.
This fundraise valued the company at $1.2 Billion and brought its total funding to $286M.
FinSMEs
05/09/2024