Oyster Raises $20M To Allow Companies To Hire Anywhere

Oyster, a human resource platform, closed a $20 million Series A to help companies hire in more than 100 different countries.

Subscribe to the Crunchbase Daily

The round was led by Emergence Capital1, and comes less than a year after the company raised a $4.2 million seed round.

Oyster’s platform helps companies deal with complex employment rules and regulations when hiring full-time employees and contractors in different countries, as well as manage a distributed diverse workforce, said founder and CEO Tony Jamous.

“We are a software platform that makes it easy to employ people anywhere,” Jamous said.

Growth

Despite founding the company the year before a pandemic, Oyster’s work-from-anywhere platform has been adopted by hundreds of companies, Jamous said. With so many working from home, he said, it was easy to prove a product/market fit in only a few months.

“This became a problem for everybody overnight,” Jamous added.

While Oyster’s platform helps with hiring abroad, it also has features that help companies manage and train their employees to work remotely, he added.

Despite having competition in the market from legacy companies such as Globalization Partners, as well as startups like San Francisco-based Remote and Deel, Jamous expects the company to continue to grow with its new funding. The 30-person company — which is U.S.-based but has no headquarters to help promote its remote focus — expects employee count to be at 80 by the end of the year, he said.

While he is excited about the company’s growth in 2020, Jamous said the company also is mission driven to remove borders and allow access to job opportunities for all.

Opportunity

Jason Green, founder of Emergence, said he likely found Oyster as an investment opportunity due to remote working. Emergence was an early investor and adopter of Zoom, and working remotely made it possible to learn about Oyster and Jamous.

Green said he sees Jamous building something that can be both “independent and important.”

“Oyster just removes all friction” from the hiring process, Green said. “There are very few companies that solve this problem.”

Illustration: Li-Anne Dias.


  1. Emergence is an investor in Crunchbase. It has no say in our editorial process. For more, head here.

Related Articles

Building relationships remotely, and not technology, has been the key to handling the pandemic, Dell and Slack executives say

Summary List PlacementWhile technology has been integral to working remotely during the COVID-19 pandemic, building relationships among employees has been even more important to a successful work-from-home model, human resources executives from Dell and Slack said during an Insider event.
At Wednesday’s “Workplace Evolution,” hosted by Insider, Najuma Atkinson, the senior vice president of human resources at Dell, and Dawn Sharifan, the vice president of people at Slack, shared how they’ve continued to work with and onboard employees during the pandemic. 
In the session, titled “The Big Shift of 2020,” Atkinson and Sharifan said when their companies went fully remote last year, they had to weigh how to keep employees feeling supported, how to help managers lead a remote workforce, and how to build culture and community.
“Yes we use Slack; yes we use Zoom.” Sharifan said. “But I think really continuing to build that community is the most important thing regardless of what technology you use.”
Atkinson added that, “While technology is our enabler, the other key factor is about the culture.”
Working remotely has opened up opportunities for companies to hire new employees wherever they are, instead of location being a major factor, they said. Work is no longer tied to where we are physically, Atkinson said. “Everyone has a seat at this virtual table now. Because we are remote, you have more access versus less access to senior leaders and to opportunities that you may not have had,” Atkinson added.
People no longer have to leave their communities and homes to come work for a new company, she said. As for Dell, the company is using the remote opportunity to hire under-represented populations, such as women and minorities. The company has even launched a new effort to hire people on the autism spectrum to add to the talent pool. 
The playing field has been leveled for everyone, Sharifan said. One of Slack’s first moves amid the pandemic was to make all current and open positions remote. The company hired several hundred people during the pandemic who have never been into the office. 
With most people working from home, companies have been forced to think about the actual deliverables and skills needed for a job, as opposed to the amount of time spent in the office, Sharifan said.
“It’s less about butt and feet time,” she said. “You’re allowing more space for the moms and dads of the world that also need to be with their kids and don’t need to be seen in the office until 6 or 7 pm at night.”
Making sure employees have the ability to take care of themselves while working has also been key to success during the pandemic, the panelists said.
“Put on your own oxygen mask and take care of yourself,” Sharifan said. “It’s more important than ever for us to be thinking of the entire employee.”Join the conversation about this story »

Responses

Your email address will not be published. Required fields are marked *

Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about chronicles from TreatMyBrand directly in your inbox