About Oyster HR
Oyster HR is a company based in Charlotte (United States) founded in 2019 by Jack Mardack and Tony Jamous. It operates as a SaaS (Software-as-a-Service), and Managed Services. Oyster HR has raised $288.2 million across 7 funding rounds from investors including Slack, ServiceNow and Salesforce. The company has 251 employees as of April 05, 2024. Oyster HR has completed 2 acquisitions, including Carrom and Delocate. Oyster HR offers products and services including Employer of Record, Global Payroll, Global Contractors, and Employee Benefits. Oyster HR operates in a competitive market with competitors including Deel, Globalization Partners, Velocity Global, Multiplier and Worksome, among others.
- Headquarter Charlotte, United States
- Employees 251 as on 05 Apr, 2024
- Founders Jack Mardack, Tony Jamous
- Stage Unicorn
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Oyster Hr, Inc
- Date of Incorporation 10 Jun, 2021
- Jurisdiction Bangalore, Karnataka, India
-
Annual Revenue
$7.91 M (USD)641.75as on Mar 31, 2023
-
Net Profit
$131.04 K (USD)1392.17as on Mar 31, 2023
-
EBITDA
$102.35 K (USD)552.42as on Mar 31, 2023
-
Total Equity Funding
$288.2 M (USD)
in 7 rounds
-
Latest Funding Round
$5 M (USD), Series D
Nov 11, 2024
-
Investors
Slack
& 19 more
-
Employee Count
251
as on Apr 05, 2024
-
Investments & Acquisitions
Carrom
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Oyster HR
Oyster HR offers a comprehensive portfolio of products and services, including Employer of Record, Global Payroll, Global Contractors, and Employee Benefits. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Global hiring is enabled as employer of record.
Multi-country payroll is managed with expert guidance.
International contractors are hired and paid compliantly.
Localized benefit packages are offered to employees.
Unlock access to complete
Software Development Team
35 people
Senior Team
23 people
Operations Team
21 people
Sales and Marketing
19 people
Finance and Accounting
17 people
Human Resources and Administration
16 people
Legal and Compliance
10 people
Leadership Team
7 people
Unlock access to complete
Funding Insights of Oyster HR
Oyster HR has successfully raised a total of $288.2M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $5 million completed in November 2024. 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 Total Funding
- Total Rounds 7
- Last Round Series D — $5.0M
-
First Round
First Round
(21 Apr 2020)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series D - Oyster HR | Valuation | ServiceNow |
|
| Sep, 2024 | Amount | Series D - Oyster HR | Valuation | Silver Lake | |
| Apr, 2022 | Amount | Series C - Oyster HR | Valuation | Georgian |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Oyster HR
Oyster HR has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Slack, ServiceNow and Salesforce. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Technology investing and private equity firm focused on partnerships.
|
Founded Year | Domain | Location | |
|
Tech focused Early and growth stage VC firm investing in the US
|
Founded Year | Domain | Location | |
|
Endeavor is focused on supporting high-impact entrepreneurs globally.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Oyster HR
Oyster HR has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Carrom and Delocate. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Workforce planning services are provided to support business resource management.
|
2020 | ||||
|
Remote employees are hired and managed through a dedicated platform.
|
2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Oyster HR
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Oyster Hr Comparisons
Competitors of Oyster HR
Oyster HR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Deel, Globalization Partners, Velocity Global, Multiplier and Worksome, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are delivered for enterprise compliance and payroll.
|
|
| domain | founded_year | HQ Location |
Global teams are hired via AI platform without subsidiaries.
|
|
| domain | founded_year | HQ Location |
Cloud-based HRMS platform is provided for enterprise workforce management.
|
|
| domain | founded_year | HQ Location |
Cloud-based SaaS management solutions are offered by Multiplier.
|
|
| domain | founded_year | HQ Location |
Hiring, contracts, and payroll are automated for external workforce management.
|
|
| domain | founded_year | HQ Location |
Cloud-based HRMS platform for hiring, payroll, and onboarding is provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Oyster Hr
Frequently Asked Questions about Oyster HR
When was Oyster HR founded?
Oyster HR was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Oyster HR located?
Oyster HR is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Who is the current CEO of Oyster HR?
Tony Jamous is the current CEO of Oyster HR. They have also founded this company.
Is Oyster HR a funded company?
Oyster HR is a funded company, having raised a total of $288.2M across 7 funding rounds to date. The company's 1st funding round was a Series C of $150M, raised on Apr 21, 2020.
How many employees does Oyster HR have?
As of Apr 05, 2024, the latest employee count at Oyster HR is 251.
What is the annual revenue of Oyster HR?
Annual revenue of Oyster HR is $7.91M as on Mar 31, 2023.
What does Oyster HR do?
Oyster HR is established as a provider of global employment solutions, focusing on HR and payroll services across over 180 countries. The platform is designed to assist companies in hiring full-time employees and contractors without the need for local legal entities. Compliance with international employment laws is ensured, and localized benefits are offered to support workforce retention. Integration with existing HR tech stacks is supported, alongside automation features for streamlined operations in the HR sector.
Who are the top competitors of Oyster HR?
Oyster HR's top competitors include Deel, Globalization Partners and Velocity Global.
What products or services does Oyster HR offer?
Oyster HR offers Employer of Record, Global Payroll, Global Contractors, and Employee Benefits.
How many acquisitions has Oyster HR made?
Who are Oyster HR's investors?
Oyster HR has 20 investors. Key investors include Slack, ServiceNow, Salesforce, Okta, and LinkedIn.
What is Oyster HR's valuation?
The valuation of Oyster HR is $1B as of Apr 2022.