How Much Did Oyster Raise? Headquarters, Funding & Key Investors

Oyster has raised a total of $288.2 million across six funding rounds, reaching a $1.2 billion valuation as of September 2024. Founded in 2019 by Jack Mardack and Tony Jamous, the company is headquartered in Charlotte, North Carolina. Its most recent $5 million Series D extension in November 2024, led by ServiceNow Ventures, follows major rounds from Silver Lake Waterman ($59M Series D), Georgian ($150M Series C), Stripes ($50M Series B), and Emergence Capital ($20M Series A). Oyster’s cloud-based HR platform simplifies global hiring, payroll, and compliance for remote teams.

How Much Did Oyster Raise? Funding & Key Investors

Oyster, headquartered in Charlotte, North Carolina, is a cloud-based HR platform that enables companies to hire, pay, and manage remote employees globally. Founded in 2019 by Jack Mardack and Tony Jamous, the company has raised $291M from investors including SLW and Georgian, achieving a valuation of $1.2B. Oyster provides compliance management, rewards, and bonuses for motivation, along with a subscription-based employment platform that supports businesses and job seekers in over 180 countries.

What Is Oyster and What Does It Do?

Oyster, founded by Jack Mardack and Tony Jamous, is headquartered in Charlotte, North Carolina. The company provides a comprehensive HR technology platform designed for globally distributed teams, enabling businesses to hire, pay, and manage full-time employees and contractors.

With a workforce of 501-1,000 employees, Oyster streamlines global HR operations, including onboarding, compliance management, rewards, and employee engagement. Their platform allows job seekers to register, build profiles, and access remote employment opportunities. Oyster’s subscription-based model ensures scalable solutions for enterprises of all sizes.

How Much Funding Has Oyster Raised?

1. Seed Round

Amount Raised: $4.2M
Date: April 2020
Lead Investors: Connect Ventures
Motivation: To kickstart the development of their HR platform and establish a market presence.

2. Series A

Amount Raised: $20M
Date: February 2021
Lead Investors: Emergence Capital
Motivation: To expand the team and enhance platform capabilities.

3. Series B

Amount Raised: $50M
Date: June 2021
Lead Investors: Stripes
Motivation: To scale operations and enter new markets.

4. Series C

Amount Raised: $150M
Date: April 2022
Lead Investors: Georgian
Motivation: To further develop their technology and expand their global reach.

5. Series D

Amount Raised: $59M
Date: September 2024
Lead Investors: Silver Lake Waterman
Motivation: To strengthen market position and enhance customer experience.

6. Series D

Amount Raised: $5M
Date: November 2024
Lead Investors: ServiceNow Ventures
Motivation: To scale effectively and bring innovative solutions to customers.

Total Funding Raised: $288.2 Million

Current Valuation: $1.2 Billion (as of Sep 2024)

Latest Funding Date: November 2024

Key Investors

1. ServiceNow Ventures

Details: Corporate venture arm of ServiceNow focusing on strategic investments aligned with improving work efficiency.
Investment Focus Areas: Digital workflows, enterprise software, work efficiency solutions
Notable Investments: ServiceNow, Element AI, MapAnything

2. Silver Lake Waterman

Details: Growth capital provider for later-stage tech companies, enabling scale and strategic execution.
Investment Focus Areas: Technology, e-commerce, enterprise software
Notable Investments: Airbnb, Alibaba, Dell Technologies

3. Georgian

Details: Growth equity firm investing in high-growth software companies leveraging AI and trust technologies.
Investment Focus Areas: Software, artificial intelligence, trust technologies
Notable Investments: Shopify, FreshBooks, Ritual

4. Stripes

Details: Growth equity firm supporting software and consumer product companies through expansion stages.
Investment Focus Areas: Software, consumer products, technology
Notable Investments: Monday.com, Snyk, Reformation

5. Emergence Capital

Details: Early and growth-stage investor in enterprise cloud companies, focusing on scaling and innovation.
Investment Focus Areas: Enterprise cloud, SaaS, business software
Notable Investments: Salesforce, Zoom, Veeva Systems

Where Is Oyster’s Headquarters?

Oyster is headquartered in Charlotte, North Carolina, offering access to a growing tech ecosystem, global HR expertise, and skilled teams for developing scalable, compliant, and efficient employment solutions.

What’s Next for Oyster?

Oyster is positioned to simplify the complexities of global employment, helping enterprises expand internationally while maintaining compliance and operational efficiency. With the latest Series D funding, the company plans to enhance its platform, scale infrastructure, and deliver intelligence-driven HR solutions to meet growing demand for distributed workforce management.

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