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OysterHR is a global employment platform that helps businesses hire international talent without creating local entities. It automates global hiring by generating compliant employment agreements, activating payroll and benefits, and calculating employment costs instantly, powered by local legal and market intelligence. This enables rapid cross-border hiring and market expansion while ensuring compliance and cost savings. OysterHR differentiates itself by offering an integrated, tech-enabled solution that reduces reliance on external consultants and speeds up onboarding to a matter of days, with claims of leadership in the space and strong customer satisfaction. The company’s goal is to help businesses hire overseas efficiently and compliantly, unlocking access to global talent at lower total costs.
Industries
Enterprise Software
Legal
Company Size
501-1,000
Company Stage
Late Stage VC
Total Funding
$288.2M
Headquarters
San Francisco, California
Founded
2020
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Total Funding
$288.2M
Above
Industry Average
Funded Over
6 Rounds
Work from anywhere
Paid time off
Mental health support
Wellbeing allowance
Flexible parental leave
WFH stipend
Oyster, a global employment platform, has raised $150 million in Series C funding at a valuation exceeding $1 billion. Georgian led the round, joined by Salesforce Ventures, LinkedIn, Base10 Partners Advancement Initiative and others, including existing investors Stripes and Emergence Capital. The funding makes Oyster a unicorn less than two years after launch and one of the few B Corporations to reach this milestone. In 2021, the company grew revenue by over 20-fold and the number of team members on its platform by 17 times. The platform now pays more than $200 million annually to global talent across over 180 countries, with 25 per cent of that talent in emerging economies. Oyster has raised $227 million total and will use the funding to develop its platform and invest in the People Ops community.
Acquisitions in the news. Phenom, the leader in applied AI that helps organizations hire faster, develop better, and retain longer, today announced it acquired Included, an AI-native agentic people analytics platform that surfaces actionable insights for faster, smarter workforce decision-making. Employers.io has acquired Job-Applications.com with one clear goal: rebuild it for today's job market while keeping what made it useful in the first place. Oyster(R), the global employment solution to employ, pay, and care for distributed teams, today announced the appointment of Hadi Moussa as Chief Executive Officer. Moussa succeeds founder and CEO Tony Jamous, who will move into the new role of Executive Chairman with a focus on long-term vision and strategy. This founder-led transition will accelerate Oyster's growth and its mission to scale global employment equality. It will also strengthen the company's ability to support customers as they navigate AI-driven workforce transformation and expand global teams with confidence. Textio, a leader in building tools that help high-growth companies recruit and coach high-performing teams, today announced that its board has appointed Colleen Gallagher, currently Chief Operating Officer, as the company's next Chief Executive Officer. The HRIS Manager provides strategic, functional, and technical leadership in the development, implementation, and optimization of HR systems across Henry Crown and Company (HCC), CC Industries (CCI), and portfolio companies under management agreements. Learn more about your ad choices. Visit megaphone.fm/adchoices
- Oyster, the global employment solution to employ, pay and care for distributed teams, has appointed Geraldine MacCarthy as chief revenue officer (CRO) and Marina Farthouat as vice president of people.
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.
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
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Industries
Enterprise Software
Legal
Company Size
501-1,000
Company Stage
Late Stage VC
Total Funding
$288.2M
Headquarters
San Francisco, California
Founded
2020
Find jobs on Simplify and start your career today