# Oyster HR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oyster-hr

- Industry: Software
- Headquarters: Charlotte, US
- Website: www.oysterhr.com
- Total disclosed funding: $286M
- Latest round: Series D (Sep 4, 2024)
- Investors on record: 18

## About

Oyster HR Inc. is a US-based provider of a global HR platform that streamlines hiring, payroll management, and compliance for remote teams across more than 180 countries.Oyster HR Inc. specializes in global HR solutions, providing a platform that helps companies manage remote employees and contractors efficiently. Founded in 2020 in Charlotte, US, by Aline Gonçalves, the company has successfully closed 6 deals to date. Its most recent funding round occurred on November 11, 2024, when it raised USD 5 mn from ServiceNow Ventures, contributing to a total of USD 5 mn in funding.Oyster HR offers a comprehensive global HR platform that facilitates hiring, payroll management, and compliance for remote teams across 180+ countries, without requiring local office setups. As an Employer of Record (EOR), it allows clients to onboard full-time employees and contractors efficiently while leveraging local employment experts to navigate complex international regulations. Key offerings include automated global payroll management in over 30 countries, contractor management tools, and tailored benefit packages, all aimed at HR leaders and company founders looking to expand their teams globally.Oyster HR operates on a subscription-based revenue model, where businesses pay for access to a suite of HR services including payroll management and contractor compliance solutions. Clients engage via multi-tiered pricing plans that cater to their hiring scale, with costs reflecting the selected features and workforce size. Partnerships may arise with clients integrating Oyster's services into their existing HR tech stacks, establishing long-term relationships that enhance operational efficiency.Following its recent funding round in November 2024, which raised USD 5 mn, Oyster HR plans to enhance its operations and continue developing its platform. The company aims to introduce new products and expand its presence into additional markets, focusing on Europe and Asia by mid-2025. The funding will support these growth initiatives, enabling Oyster to further streamline global hiring and compliance for its clientele.

## Funding rounds

- Series D, Sep 4, 2024, $59M — Silver Lake, Emergence Capital, Stripes, Endeavor Catalyst, G2 Venture Partners, Georgian
- Series C, Apr 20, 2022, $150M — Emergence Capital, Stripes, Georgian, LinkedIn Corporation, Endeavor Catalyst, Salesforce Ventures, Slack Fund, Base10 Partners, Okta Ventures, PayPal Ventures, Avid Ventures, HR Tech Investments LLC, PeopleTech Angels
- Series B, Jun 22, 2021, $53M — Emergence Capital, Stripes, Slack Fund, Avid Ventures
- Series A, Feb 2, 2021, $20M — Emergence Capital, Connect Ventures, Slack Fund
- Seed, Apr 21, 2020, $4.2M — Sorenson Capital, Kima Ventures, Connect Ventures

## Investors

- Sorenson Capital (https://capitalatlas.ai/funds/sorenson-capital) — Seed
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Connect Ventures — Seed, Series A
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series A, Series B, Series C, Series D
- Slack Fund (https://capitalatlas.ai/funds/slack-fund) — Series A, Series B, Series C
- Stripes (https://capitalatlas.ai/funds/stripes) — Series B, Series C, Series D
- Avid Ventures (https://capitalatlas.ai/funds/avid-ventures) — Series B, Series C
- Georgian — Series C, Series D
- LinkedIn Corporation — Series C
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series C, Series D
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C
- Base10 Partners (https://capitalatlas.ai/funds/base10-partners) — Series C
- Okta Ventures (https://capitalatlas.ai/funds/okta-ventures) — Series C
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Series C
- HR Tech Investments LLC — Series C
- PeopleTech Angels — Series C
- Silver Lake (https://capitalatlas.ai/funds/silver-lake) — Series D
- G2 Venture Partners (https://capitalatlas.ai/funds/g2-venture-partners) — Series D