HR technology unicorn Oyster attracts new investment from ServiceNow Ventures

Oyster, a global employment platform that empowers companies to hire, pay, and care for their global teams, has confirmed its latest bout of funding.

Having achieved ‘unicorn’ status following its $150 million Series C funding in April 2022, Oyster raised a further $59 million through a Series D round in September this year, bringing its total funding to $286 million with a $1.2 billion valuation.

Oyster's total funding to date has now risen to $291 million following the investment from ServiceNow Ventures.

The organization was certified as a B Corp in 2023 and aims to improve opportunities for workers based on skills and talent, rather than physical location.

While news headlines decry remote working, suggesting that the trend is on the way out, research shows HR leaders anticipate the opposite - while recruitment candidates will drop out of the process if it isn’t offered.

Speaking exclusively to UNLEASH following the latest investment, Oyster Co-Founder and CEO, Tony Jamous, says the organization exists to “make the world more free and equal.”

Our hope is that companies everywhere consider global hiring as a way to transform their workforce into a more accessible and better supported experience for all,” he says.Our hope is that companies everywhere consider global hiring as a way to transform their workforce into a more accessible and better supported experience for all,” he says.

“I’m grateful to ServiceNow and all our incredible investors who believe in Oyster’s mission and trust in our ability to lead the way in shaping the future of employment.”

According to Oyster’s Impact Report, more than 40% of team members hired through Oyster were able to access first-time benefits, increase their economic mobility, and support their communities.

“ServiceNow Ventures is committed to scaling the next generation of enterprise technology,” Victor Chang, Vice President of ServiceNow Ventures, tells UNLEASH.

“We’re confident that Oyster’s innovative hiring solutions will help to redefine the industry, enabling organizations to create great experiences for their global teams.”