Oyster Raises $150 Million at over $1 Billion Valuation

Oyster is a mission-driven global employment platform that helps companies to pay, hire and care for teammates regardless of the location. The company’s mission is a creation an equal for everyone by creating an opportunity for them to be employed everywhere. It empowers companies to hire everywhere with compliant and reliable payroll and great benefits and perks.

The Series C funding round was led by Georgian. Among new investors were Salesforce Ventures, LinkedIn, the Base10 Partners Advancement Initiative, Okta, and Endeavor Catalyst. Existing investors also took part in the round – Stripes, Emergence Capital, PayPal Ventures, Slack Fund, Avid Ventures, PeopleTech Partners, and HR Tech Investments.

Oyster, the USA, was founded by Jack Mardack and Tony Jamous in 2020. With this round, the company achieved the unicorn status less than 2 years after its launching. Last year, the company’s revenue increased 20 times. In the first quarter of 2022, Oyster attracted over 20 000 job applicants. “Our mission, to create a more equal world by helping companies everywhere hire people anywhere, fuels everything that we do. It’s thanks to the strength and impact of that mission that we have been able to grow our team and business in such an unprecedented way,” CEO Tony Jamous. The Oyster team consists of 500 employees in more than 60 countries. The funds raised will be used for the platform development and People Ops community investments.

Previous Post

NexHealth Raises $125 Million at $1 Billion Valuation

Next Post

Upside Foods Raises $400 Million at over $1 Billion Valuation

Related Posts