About Oyster Technologies
Oyster Technologies is a Financial Services company based in New York (United States) founded in 2021. Diversified insurance products are provided via an online platform. Oyster Technologies has raised $3.6 million across 1 funding round from investors including New Stack Ventures, Global Founders Capital and Conversion Capital. Oyster Technologies offers products and services including Cara. Its focus areas include FinTech, Internet First Insurance Platforms, Internet First Insurers and Diversified. Its legal entity is Oyster Technologies, Inc. Its competitors include Kuvare, COVIE and CuraFi; 2 of its 3 listed competitors have raised funding.
Company details
Oyster Technologies was founded in 2021 in New York, United States, and operates within the insurance sector. An online platform is maintained to deliver quotes, rates, and coverage options from partner providers. Tailor-made insurance solutions are enabled for users based on individual requirements. Coverage includes bike, collectibles, jewelry, and electronics insurance, supporting consumer needs in a digital format.
- Headquarters New York, United States
- SectorsFinancial Services
- Email••••••••
- Website withoyster.com
- Social LinkedIn
- Legal Name Oyster Technologies, Inc.
- Total Equity Funding$3.6M (USD)
in 1 rounds
- Latest Funding Round$3.6M (USD), Seed
Dec 2022
- InvestorsNew Stack Ventures
& 13 more
Products & Services of Oyster Technologies
Oyster Technologies offers a comprehensive portfolio of products and services, including Cara.
AI platform for enhancing insurance agency operations and efficiency
Funding Insights of Oyster Technologies
Oyster Technologies has successfully raised a total of $3.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.6 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.6M
- Total Rounds 1
- Last Round Seed — $3.6M
- First Round $3.6M
(Dec 2022)
- Investors Count 14
All 1 funding rounds of Oyster Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $3.6M | Seed | – | New Stack Ventures |
14 investors in total: 9 institutional and 5 angel.
Investors in Oyster Technologies
Oyster Technologies has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include New Stack Ventures, Global Founders Capital and Conversion Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are made in innovative startups. | 2014 | newstack.com | Chicago, United States | |
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany | ||
Venture capital firm focused on tech companies | conversioncapital.com | New York, United States | ||
Venture capital investments are provided to startups by SNR Ventures. | snr.vc | |||
Venture capital investments are directed by Valia across multiple sectors. | valia.vc | New York, United States | ||
| interlaceventures.com | ||||
Seed & early stage tech-focused micro-VC firm investing primarily in the US | v1.vc | Boulder, United States | ||
Early-stage companies are funded through investments by Position Ventures. | positionventures.com | San Francisco, United States | ||
Delivers comprehensive advisory solutions in healthcare, food technology, and business innovation. | 2020 | cambrian-ventures.com | Singapore, Singapore | |
GK Garrett Koehn | Angel investor and entrepreneur, co-founder of Crux, focused on tech startups. | unknown_7a919c61c0c54888b |
Investor details for Oyster Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Oyster Technologies
3 people are tracked at Oyster Technologies (3 in leadership).
| Name | Role | Group |
|---|---|---|
Vic Yeh | Co-founder & CEO | Leadership |
Nikhil Kansal | Co-Founder & CTO | Leadership |
Jon P. | Co-Founder & COO | Leadership |
Complete people profiles for Oyster Technologies
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Timeline of Oyster Technologies
2 dated milestones of Oyster Technologies across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Oyster Technologies is founded.
- Funding First funding round of $3.6M.
Competitors of Oyster Technologies
Oyster Technologies has 3 listed competitors in our database, 2 of them funded. They include Kuvare, COVIE and CuraFi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kuvare.com | 2014 | Chicago, United States | Diversified insurance products are distributed across multiple channels. | |||
| covie.com | 2003 | Illinois, United States | $4.67M | Data management and monitoring solutions for insurance are provided. | ||
| curafi.com | 2022 | San Francisco, United States | $7.25M | 6 | Infusion management software is provided for healthcare organizations. |
Detailed competitors of Oyster Technologies
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Web traffic of Oyster Technologies
The website of Oyster Technologies (withoyster.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▼ 69.8% vs previous month
Top companies in Insurance Providers
3 companies that operate in the same segment as Oyster Technologies (Insurance Providers) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.12 B | 549 | ||
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 |
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Related news about Oyster Technologies
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Frequently Asked Questions about Oyster Technologies
Oyster Technologies was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Oyster Technologies is headquartered in New York, United States. It is registered at New York, New York, United States.
Oyster Technologies is a funded company, having raised a total of $3.6M across 1 funding round to date. The company's 1st funding round was a Seed of $3.6M, raised on Dec 2022.
Oyster Technologies was founded in 2021 in New York, United States, and operates within the insurance sector. An online platform is maintained to deliver quotes, rates, and coverage options from partner providers. Tailor-made insurance solutions are enabled for users based on individual requirements. Coverage includes bike, collectibles, jewelry, and electronics insurance, supporting consumer needs in a digital format.
Oyster Technologies offers Cara.
Oyster Technologies has 14 investors. Key investors include New Stack Ventures, Global Founders Capital, Conversion Capital, Cambrian Ventures, and SNR Ventures.
Oyster Technologies operates through Oyster Technologies, Inc..