Employer-of-record provider Oyster announces $150 million funding round

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Oyster, a global provider of employer-of-record services, on Wednesday announced a $150 million Series C funding round, bringing total funding raised to $227 million. The company, which now has a valuation of more than $1 billion, was founded in January 2020.

“Distributed work is better for business, better for people and better for the planet,” co-founder and CEO Tony Jamous said. “Our mission, to create a more equal world by helping companies everywhere hire people anywhere, fuels everything that we do.”

Oyster enables companies to hire workers in more than 180 countries, and customers use the platform to pay more than $200 million to global talent each year, with 25% of that going to workers in emerging economies.

Plans call for the Series C funding to go toward further developing the company’s global employment platform.

The Series C round was led by investment firm Georgian and was joined by Salesforce Ventures, LinkedIn and others.

More information is available online for employer-of-record services.