Oyster, a prominent player in the global employment sector, has successfully raised $59m in its latest Series D funding round.
The round was spearheaded by Silver Lake Waterman, with significant contributions from previous backers such as Emergence Capital, Stripes, Georgian, G2 Venture Partners, and Endeavor Catalyst.
This latest investment surge has propelled Oyster’s valuation to an impressive $1.2bn, with their total funding now standing at $286m.
Central to its mission, Oyster provides comprehensive solutions designed to employ, pay, and care for distributed teams worldwide. Their platform addresses the complexities of global employment by offering trusted tools and resources essential for robust compliance and in-depth local HR knowledge.
The newly acquired funds are earmarked for several strategic initiatives. Primarily, Oyster aims to accelerate its platform’s development, enhance its compliance capabilities, and improve its overall customer experience. By doing so, the company seeks to attract and retain top talent more effectively.
Oyster continues to expand its offerings, having introduced new products and services over the past year that support global operations. These include Global Payroll, Visa Sponsorships, and the Salary Insights tool, which provides equitable compensation recommendations. Additionally, Oyster Embedded, a pioneering no-code solution, allows customers to integrate global hiring, payroll, and rewards directly within their own platforms.
The company’s partnership network has also seen significant growth, with collaborations with leading HR Information System and Professional Employer Organization providers like BambooHR and TriNet. These alliances offer joint customers a flexible, scalable, and premium hiring experience.
As a B Corp-certified unicorn, Oyster remains committed to its mission of creating a more equal world by democratizing access to global job opportunities. This commitment is echoed by Oyster co-founder and CEO, Tony Jamous, who emphasized the company’s dedication to a human-centric approach to employment.
He stated, ““This funding round validates our approach to building the compliance and compensation intelligence infrastructure companies need to drive global growth. We are grateful that the Silver Lake Waterman team shares our belief that global employment shouldn’t be a transactional service—it’s a dynamic relationship that values human potential, fosters innovation, and fuels economic impact.
“At the heart of Oyster’s success is an unwavering commitment to our mission: we believe that by making it possible for companies everywhere to hire people anywhere, we can create a more sustainable and equitable future for all. We’re proud to contribute to a movement that makes human-centric employment available to workers globally.”
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