Salesforce Ventures, Okta, Slack, PayPal Ventures and HR Tech Investments contributed to the human resources software developer's latest round at a valuation exceeding $1bn.
US-based human resources software provider Oyster received $150m in series C funding yesterday from investors including corporates Salesforce, Okta, Slack, PayPal and Indeed.com at a valuation above $1bn.
The round was led by growth equity firm Georgian and also featured Endeavor Catalyst, Base10, Partners Advancement Initiative, Emergence Capital, Stripes, Avid Ventures and People Tech Partners. It brought the company’s total funding to $227m.
Enterprise software provider Salesforce, digital payment processor PayPal and online recruitment platform developer Indeed invested through subsidiaries Salesforce Ventures, PayPal Ventures and HR Tech Investments respectively, while communication app developer Slack and identity management technology producer Okta took part directly.
Founded in early 2020, Oyster provides a human resources software platform designed for remote working and globally distributed workforces, helping businesses train, manage, provide local benefits and manage payroll for employees spread around the globe.
The company claims to have experienced a 20-fold increase in revenue in…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
