-- Series A Investment Fuels Hot Company Spurring "Work-from-Anywhere" Future

Oyster ( 
https://c212.net/c/link/?t=0&l=en&o=3054264-1&h=3143040949&u=http%3A%2F%2Fwww.oysterhr.com%2F&a=Oyster 
), the HR platform for globally distributed companies, today announced it has 
completed a $20 million Series A investment led by Emergence Capital ( 
https://c212.net/c/link/?t=0&l=en&o=3054264-1&h=818310960&u=https%3A%2F%2Fwww.emcap.com%2F&a=Emergence+Capital 
), less than a year after raising a $4.2M seed round ( 
https://c212.net/c/link/?t=0&l=en&o=3054264-1&h=630361814&u=https%3A%2F%2Fwww.prnewswire.com%2Fnews-releases%2Foyster-closes-4-2m-seed-funding-to-remedy-the-global-talent-shortage--disrupt-cross-border-hiring-301043052.html&a=seed+round 
). Spurred by the rapid acceleration of distributed working during the 
pandemic, Oyster has grown quickly by enabling companies to manage growing and 
geographically distributed workforces in over 100 countries. 

Renowned SaaS investor Jason Green ( 
https://c212.net/c/link/?t=0&l=en&o=3054264-1&h=712727385&u=https%3A%2F%2Fwww.emcap.com%2Fpeople%2Fjason-green%2F&a=Jason+Green 
), who has led funding for Zoom, Salesforce, Bill.com, and others, is the lead 
investor. Additional investors include the Slack Fund and Connect Ventures. The 
investment will accelerate Oyster's rapid growth and support its mission of 
enabling people to work from anywhere. 

There are now massive opportunities for remote-centric companies to attract and 
retain great global talent, and for the SaaS companies that enable them.  
Oyster's category-defining SaaS HR platform supports the changing needs of HR 
in the new work-from-anywhere world-by removing the need to deal with local 
payroll and employment complexity, by speeding up traditional international 
hiring, onboarding and by providing robust benefits for employees and 
contractors alike-  all from one SaaS platform. 

By closing the geographic gap between great job opportunities and talented 
individuals, Oyster is addressing many of the wrongs of modern society, 
including unequal distribution of wealth and talent, lack of opportunity for 
career progression, burnout, and poor work-life balance. Oyster was recently 
granted B-Corporation certification with a pending status. The company has 
published a social impact thesis that can be found here ( 
https://c212.net/c/link/?t=0&l=en&o=3054264-1&h=4161506669&u=https%3A%2F%2Fwww.oysterhr.com%2Fimpact-thesis&a=here 
).

"We invest in people who change the way the world works," said Emergence 
Founder Jason Green. "Remote work is here now and here to stay. Oyster makes 
hiring and onboarding the best remote talent in the world easy, fast, and 
efficient. Oyster has the best team and product to dominate this emerging 
category in the future of work and we are thrilled to be partnering with them."

Said Tony Jamous, Oyster CEO, "The move to work from anywhere is good news to 
the world, despite a gloomy 2020. We have aligned our mission with our growth, 
and it is paying off. We were fortunate to be able to raise our Seed and Series 
A during the pandemic, remotely."

Said Jason Spinell, Director of the Slack Fund, "At the Slack Fund, we're 
focused on investing in the next wave of software companies building the future 
of work. Oyster is addressing the challenges that come with employing a 
globally distributed team, enabling companies to expand their potential talent 
pool and hire based on what matters most to them. The ability to hire from 
anywhere is necessary to embrace a remote-first future." 

Added Conner Forrest, Senior Research Analyst at 451 Research, part of S&P 
Global Marketing Intelligence, "Companies are beginning to think more 
strategically about global talent, but they first need fundamental enablement 
to hire globally. As long-term and permanent remote work policies grow, and 
companies consider eliminating physical office space due to COVID-19, the need 
for tools that support a mass-scale shift to remote work is great." [1]

About Oyster

Oyster is the HR platform for globally distributed companies. It lets growing 
companies give valued international team members the experience they deserve, 
without the usual headaches or the expense. Oyster enables hiring anywhere in 
the world, with reliable, compliant payroll, and great local benefits and 
perks. Founded in 2019 by Tony Jamous and Jack Mardack, Oyster is itself a 
fully remote company with a diverse, globally-distributed team. Join us: 
http://oysterhr.com/careers 

About Emergence Capital

Emergence is the leading venture capital firm focused on early-stage enterprise 
software companies. Its mission is to be the most important partner to the 
companies that are changing the way the world works. For more information, 
visit https://www.emcap.com.
 
FOR MORE INFORMATION, CONTACT:

Marie Domingo
for Oyster(R)
marie@mariedomingo.com
+1 (650) 888-5642

Stacy Williams
for Oyster(R)
stacy.williams@twoworlds.biz
+1 (970) 819-0839

[1] 451 Research, part of S&P Global Market Intelligence, Oyster goes GA with 
global talent management platform, September, 2020. 

SOURCE: Oyster