Oyster

Oyster

Global employment platform for hiring talent

About Oyster

Simplify's Rating
Why Oyster is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Consulting

Enterprise Software

Legal

Company Size

501-1,000

Company Stage

Late Stage VC

Total Funding

$288.2M

Headquarters

San Francisco, California

Founded

2020

Overview

OysterHR simplifies the hiring of international talent for businesses by providing a global employment platform. This platform allows companies to create compliant employment agreements, manage global payroll and benefits, and calculate employment costs quickly and efficiently. By automating these processes, OysterHR helps businesses expand their workforce across borders without needing to establish entities in foreign countries. This service is particularly useful for companies looking to fill roles rapidly and enter new markets within days. Unlike many competitors, OysterHR is recognized for its high customer satisfaction and offers a cost-effective solution that is often cheaper than hiring external consultants for similar services. The goal of OysterHR is to make global hiring seamless and efficient while ensuring compliance and cost savings for its clients.

Simplify Jobs

Simplify's Take

What believers are saying

  • Oyster raised $59M in Series D funding, boosting its growth potential.
  • The rise of remote work technology aligns with Oyster's mission for global employment.
  • Oyster's new Oyster Shell product addresses contractor misclassification, expanding its service offerings.

What critics are saying

  • Increased competition from Papaya Global could impact Oyster's market share.
  • TriNet's strategic partnerships may lead to competitive pressure on Oyster.
  • Oyster's data integration with Galileo AI Assistant could expose it to data protection risks.

What makes Oyster unique

  • Oyster offers a comprehensive platform for global hiring and compliance management.
  • The company provides cost-effective solutions compared to traditional external consultants.
  • Oyster's platform is recognized for high customer satisfaction and ease of use.

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Funding

Total Funding

$288.2M

Above

Industry Average

Funded Over

6 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Work from anywhere

Paid time off

Mental health support

Wellbeing allowance

Flexible parental leave

WFH stipend

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

3%

2 year growth

2%
Faraday Partners
Mar 28th, 2025
Faraday Partners Supports The Appointment Of Marina Farthouat As Vp People At Oyster

Marina joins Oyster from ClickHouse, where she served as VP, People playing a pivotal role in shaping the company's people strategy and fostering a dynamic workplace culture.

Finsmes
Dec 4th, 2024
Papaya Global: Is It The Best Choice For Global Workforce Management?

Operating a worldwide workforce presents distinctive quandaries. From salary management to regulatory adherence, businesses encounter obstacles that may impede expansion and output.A method of gaining recognition is the platform provided by Papaya Global, which can be accessed at www.papayaglobal.com. This tool provides an efficient measure for businesses to address their international workforce requirements without hassle.Papaya Global purports to simplify intricate procedures like global payroll and employee supervision. Why Global Workforce Management is CrucialGlobal workforce administration is pivotal in assuring firms are capable of handling the intricacies of global payroll, adherence, and talent procurement.  It enables companies to grow into new territories while controlling distant teams effectively.With worldwide employment laws shifting regularly, owning a system that stays abreast of these modifications is paramount to prevent legal troubles.Papaya Global proposes remedies that help companies deal with global employment chores effortlessly. Proceeding forward, let’s explore how Papaya Global’s platform excels in delivering these crucial services.Understanding Papaya Global’s PlatformPapaya Global’s platform offers essential features for global workforce management. The user interface is intuitive and accessible across devices, making it convenient for users to navigate and customize their experience.Core Features and FunctionalityManaging a global workforce requires a system that can effortlessly perform intricate actions. Papaya Global provides such a system, concentrating on streamlining worldwide employment and payroll workflows. Below are its critical elements and capabilities:. User Experience and Interface: The system distinguishes itself with its straightforward, instinctive layout. Users smoothly switch between various operations without misunderstanding.Benefits Administration: Firms can regulate staff advantages across different nations, ensuring adherence to regional laws.Global Talent Acquisition: Assists businesses in discovering and recruiting talent around the globe, simplifying the creation of diverse teams.Workforce Insights and Analytics: Provides data scrutiny tools to aid companies in understanding workforce tendencies and making educated decisions

Finsmes
Nov 11th, 2024
Oyster Receives $5M Investment from ServiceNow Ventures

Oyster, a San Francisco, CA-based employment solution to employ, pay, and care for distributed teams, received a $5M investment from ServiceNow Ventures

Business Wire
Sep 6th, 2024
Oyster Raises $59M Series D to Democratize Access to Global Job Opportunities

Oyster®, the global employment solution to employ, pay, and care for distributed teams, raised $59M in Series D funding, led by Silver Lake Waterman,

DHR Map
Sep 4th, 2024
Oyster Raises $59M Series D to Democratize Access to Global Job Opportunities

Oyster(R) ,a leading global employment platform, has secured $59M in Series D funding led by Silver Lake Waterman.

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