Oyster
Founded Year
2020Stage
Series D | AliveTotal Raised
$283.2MValuation
$0000Last Raised
$59M | 21 days agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+5 points in the past 30 days
About Oyster
Oyster is a global employment platform that specializes in enabling companies to hire, pay, and manage international workers. The company offers services such as employer of record, global payroll, and compliance solutions to facilitate the management of a global workforce. Oyster's platform also provides tools for hiring and paying contractors, automating hiring workflows, and offering comprehensive benefits packages to employees. It was founded in 2020 and is based in Charlotte, North Carolina.
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ESPs containing Oyster
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The workforce globalization market is a growing market that addresses the challenges of hiring and managing a global workforce. With the rise of remote work and the globalization of labor markets, companies are seeking solutions to efficiently find and manage talent across borders while ensuring compliance with local laws and regulations. This market offers a range of software solutions, including…
Oyster named as Challenger among 15 other companies, including Workday, Deel, and Rippling.
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Research containing Oyster
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Oyster in 7 CB Insights research briefs, most recently on Aug 10, 2023.
Nov 7, 2022
The Transcript from Yardstiq: See ya, ADPNov 7, 2022 report
Top global employment & payroll companies — and why customers chose themExpert Collections containing Oyster
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Oyster is included in 4 Expert Collections, including HR Tech.
HR Tech
4,169 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Unicorns- Billion Dollar Startups
1,244 items
Fintech
9,294 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
249 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Oyster Patents
Oyster has filed 25 patents.
The 3 most popular patent topics include:
- stimulants
- nicotinic agonists
- nicotinic antagonists
Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
5/16/2022 | 6/18/2024 | House types, Honeycombs (geometry), Physical oceanography, House styles, Surveyor program (NASA) | Grant |
Application Date | 5/16/2022 |
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Grant Date | 6/18/2024 |
Title | |
Related Topics | House types, Honeycombs (geometry), Physical oceanography, House styles, Surveyor program (NASA) |
Status | Grant |
Latest Oyster News
Sep 8, 2024
Oyster, a global employment solution for employing, paying, and caring for distributed teams, announced it raised $59 million in Series D funding. Silver Lake Waterman led the round, which included existing investors Emergence Capital, Stripes, Georgian, G2 Venture Partners, and Endeavor Catalyst. This funding will enable Oyster to accelerate its product roadmap, scale its impact, improve its compliance posture, and enhance its customers’ ability to attract and retain top talent. Over 40% of Team Members employed on the Oyster platform are in emerging markets, and the company remitted hundreds of millions to emerging markets in 2023. This funding raises the company’s value to $1.2 billion and brings its total funding to $286 million. Over the last year, Oyster launched several products and services to give companies more tools and insights to scale their global operations confidently. For example, Global Payroll and Visa Sponsorships help simplify operations and support borderless teams, while the Salary Insights tool offers fair compensation recommendations for domestic and international employees. And Oyster Embedded is the category’s first no-code solution that enables customers to offer global hiring, payroll, and rewards within their product. By enabling partners to focus on what they do best while ensuring global employment is fair and compliant, Oyster attracted HR Information System and Professional Employer Organization partners like BambooHR and TriNet—giving joint customers the flexibility, scale, and white-glove hiring experience they deserve. As a further testament to Oyster’s world-class knowledge and AI capabilities, The Josh Bersin Company also picked Oyster as a Trusted Content Partner for its HR AI assistant Galileo. As one of the world’s only B Corp-certified unicorn companies, Oyster’s goal is to create a more equal world by democratizing access to global job opportunities — so everyone, everywhere, has the chance to do well. And customers like Lokalise, Quora, and Printify selected Oyster to develop sustainable cross-border talent strategies, create competitive offers that attract and retain talent, and stay compliant at every stage of the employment journey. And the company’s country-level intelligence automates employment and compliance for over 180 countries, reducing the burden on internal People, HR, and Payroll teams while saving on high costs of external advice. KEY QUOTES: “Global employment is incredibly complex, involving many moving parts. Oyster emerged as a best-of-breed solution in the category to solve these traditional challenges. In just four years, Oyster built a platform of trusted tools and resources for bulletproof global compliance and in-depth local HR knowledge—a strategy that has made them one of the leaders in the market. The team at Oyster is well positioned to continue to deliver the specialized HR solution required for the current global employment experience and we look forward to all that’s ahead.” Shawn O’Neill, Managing Partner of Silver Lake Waterman “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.” Oyster co-founder and CEO, Tony Jamous Pulse 2.0 focuses on business news, profiles, and deal flow coverage.
Oyster Frequently Asked Questions (FAQ)
When was Oyster founded?
Oyster was founded in 2020.
Where is Oyster's headquarters?
Oyster's headquarters is located at 307 West Tremont Avenue, Charlotte.
What is Oyster's latest funding round?
Oyster's latest funding round is Series D.
How much did Oyster raise?
Oyster raised a total of $283.2M.
Who are the investors of Oyster?
Investors of Oyster include Emergence Capital, Stripes Group, Endeavor, Georgian, G2 Venture Partners and 16 more.
Who are Oyster's competitors?
Competitors of Oyster include Skuad, FlexJobs, Justworks, Velocity Global, Gusto and 7 more.
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Compare Oyster to Competitors
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