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- Oyster® Raises $59M in Series D Funding, Valuing Company at $1.2B
Oyster® Raises $59M in Series D Funding, Valuing Company at $1.2B
Slice of Finance Team
09 Sep
Key Highlights:
Oyster raised $59M in Series D funding led by Silver Lake Waterman.
The company is now valued at $1.2B, with total funding reaching $286M.
Funds will drive the platform's expansion and improve global compliance.
40% of employees on Oyster’s platform are in emerging markets.
Oyster remitted hundreds of millions to emerging markets in 2023.
Source (Business Wire)
Notable Quotes:
“Oyster emerged as a best-of-breed solution in the category to solve these traditional challenges. 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.”
“This funding round validates our approach to building the compliance and compensation intelligence infrastructure companies need to drive global growth.”
Our Take:
Oyster®'s successful Series D funding round highlights the company's rapid ascent as a leader in global employment solutions. With its unique approach to compliance and compensation intelligence, Oyster is transforming how companies manage international teams. The partnership with Silver Lake Waterman and other investors reflects strong market confidence in the platform’s ability to drive sustainable global growth and foster equitable employment opportunities worldwide. By continuing to prioritize compliance, innovation, and fair hiring practices, Oyster is setting the standard for global employment in a borderless economy.