Oyster, a global employment solution to employ, pay, and care for distributed teams, raised $59M in Series D funding, led by Silver Lake Waterman, with participation from existing investors, including Emergence Capital, Stripes, Georgian, G2 Venture Partners, and Endeavor Catalyst.
The investment will enable Oyster to accelerate its platform roadmap, scale its impact, improve its customers’ compliance posture, and enhance its customers’ ability to attract and retain top talent.
By The Numbers
Over 40% of Team Members employed on the Oyster platform are in emerging markets and Oyster remitted hundreds of millions to emerging markets in 2023. This fundraise values the company at $1.2B and brings its total funding to $286M.
Digging Deeper
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 is the category’s first no-code solution that enables customers to offer global hiring, payroll, and rewards right within their own product.
What They’re Saying
“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,” said Oyster co-founder and CEO, Tony Jamous.
“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.”
“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,” said Shawn O’Neill, Managing Partner of Silver Lake Waterman.
“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.”
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