Oyster raises $59 million

Oyster has secured $59 million in Series D funding, backed by existing investors. Since its founding in 2020, Oyster has focused on enabling companies to hire talent from anywhere, addressing the complexities of cross-border employment.

The company’s Global Payroll and Visa Sponsorship products have been pivotal in supporting talent mobility, while its country-specific intelligence offers businesses tailored employment solutions.

Since its last funding round, Oyster has achieved B Corp certification and facilitated $107 million in payments to employees in emerging markets, reinforcing its commitment to equitable employment.