Oystera global employment solution for employment, payment and care for distributed teams, raised $59 million in Series D fundingled by Silver Lake Waterman, with participation from existing investors including; Emergence Capital, Stripes, Georgia, G2 Venture Partners, and Effort catalyst.
The investment will enable Oyster to accelerate its platform roadmap, scale its impact, improve its customer compliance posture and enhance its customers’ ability to attract and retain top talent.
By The Numbers
Ultra 40% of team members employed on the Oyster platform are in emerging markets, and Oyster committed hundreds of millions to emerging markets in 2023. This fundraising values the company at $1.2 billion and brings its total funding to $286 million.
Digging deeper
Over the past year, Oyster has 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 teams without borders, while Salary information The tool provides fair compensation recommendations for domestic and international employees.
Additional, Oyster Embedded is the first-in-class code-free solution that enables clients to offer global recruiting, payroll and rewards directly within their own product.
What They Say
“This funding round validates our approach to building the compliance and compensation that information infrastructure companies need to drive global growth. We are grateful that the Silver Lake Waterman team shares our belief that global employment should not be a transactional service—it is a dynamic relationship that values human capital, fosters innovation and fuels economic impactsaid Oyster co-founder and CEO, Tony Jamus.
“At the heart of Oyster’s success is an unwavering commitment to our mission: we believe that by enabling companies everywhere to hire people anywhere, we can create a more sustainable and fair future for everyone. We are proud to contribute to a movement that makes people-centered employment available to workers worldwide.”
“Global employment is incredibly complex, with many moving parts. Oyster emerged as a best-in-class solution to solving these traditional challenges“, he said Shawn O’NeillManaging Partner of Silver Lake Waterman.
“In just four years, Oyster has built a platform of trusted tools and resources for bulletproof global compliance and deep local HR knowledge—a strategy that has made it one of the market leaders. The Oyster team is well positioned to continue to provide the specialist HR solution required for the current global employment experience and we look forward to all that lies ahead.”
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