Oyster Boosts HR Tech Innovation with New Investment

Oyster accelerates global HR tech innovation, enabling businesses to hire, pay, and manage remote talent seamlessly.

Oyster, an international employment platform that allows businesses to hire, pay, and manage remote workers, has raised further funding, taking its total funding to $291 million. This latest round of funding is from ServiceNow Ventures, having previously raised $59 million Series D funding in September and $150 million Series C funding in 2022, which gave the firm unicorn status with a $1.2 billion valuation.

As a B Corp-certified company, Oyster strives to broaden world-based hiring prospects, prioritizing skill and expertise over geographical place. Although others say telecommuting declines, studies predict HR decision-makers anticipate growth's continuation, with applicants even falling out of recruitment pipelines if remote work isn't available.

Talking to UNLEASH, Oyster's Co-Founder and CEO, Tony Jamous, reaffirmed the business's purpose: "We exist to make the world more free and equal." He wishes that businesses would adopt global hiring to produce more diverse and inclusive workforces.

Oyster's Impact Report states that more than 40% of staff members employed on the platform enjoyed first-time benefits, enhanced economic mobility, and greater community support.

ServiceNow Ventures sees Oyster as a key player in HR technology innovation. Victor Chang, Vice President of ServiceNow Ventures, stated: “We’re confident that Oyster’s solutions will redefine global hiring, creating better experiences for distributed teams.”

With HR technology advancing at breakneck speeds, Oyster continues to define the future of global work, allowing businesses to effortlessly manage remote and international talent and offer fair benefits and opportunities. As companies evolve in the digital-first workplace, HR technology will be at the forefront of defining the future of work.