When was Oyster founded?

Oyster was founded in 2019 and became a unicorn in 2022, reaching the milestone in 3 years. It raised its 1st funding round 1 year after its incorporation.

Where is Oyster located?

Oyster is headquartered in Charlotte, United States.

Who is the current CEO of Oyster?

Tony Jamous of Oyster. They have also founded 1 company and are angel investors in 25 startups, including Nexmo.

Which legal entities is Oyster associated with?

Oyster is associated with OYSTER HR, INC. and 1 other.

How many employees does Oyster have?

As of Aug 31, 2026, the latest employee count at Oyster is 594.

Is Oyster a funded company?

Oyster is a funded company, having raised a total of $291M across 7 funding rounds to date. The company's 1st funding round was a $4.2M Seed round, raised on Apr 21, 2020.

How much is Oyster worth?

The latest valuation of Oyster is $1.2B as of Dec 31, 2025.

When was the latest funding round of Oyster?

Oyster's latest funding was a $5M Series D round on Nov 11, 2024, with participation from 1 investor. Its primary sector is HRTech. In United States, the HRTech sector has seen $1.61B in funding in 2026 to date.

Is Oyster a HRTech company?

The primary sector of Oyster is HRTech.

Where does Oyster rank among its competitors?

Oyster ranks 3rd amongst 966 active competitors, of which 67 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Deel, which secured $300M in Oct, 2025.

Who are the top competitors of Oyster?

Oyster's top competitors include Deel, Remote and Multiplier. Among them, Deel secured the most recent funding round in October, 2025.

Oyster - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of employment software for managing payroll and personnel administration. This platform facilitates the onboarding of staff, the distribution of compensation, and the management of benefits. It provides tools for handling contractual agreements and tax compliance requirements. The software integrates with existing human resources information systems and accounting platforms to synchronize data across organizational workflows. It supports the administration of independent contractors and full-time staff members through a centralized interface.

Website: www.oysterhr.com/
Social
Email ID: *****@oysterhr.com
Phone Number: +1 **********

Key Metrics

Founded Year

2019

Location

Charlotte, United States

Stage

Series D

Total Funding

$291M in 7 rounds

Latest Funding Round

Series D, Nov 11, 2024, $5M

Post Money Valuation

$1.2B as on Dec 31, 2025

Investors

ServiceNow & 26 more

Ranked

3^rd among 966 active competitors

Employee Count

594 as on Aug 31, 2026

Investment & Acquisitions

Delocate & 1 more

Similar Companies

Deel & 43 more

View Oyster's full profile

Oyster is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
OYSTER HR, INC. CIN: 6734156 , United States, Active	Feb 15, 2023	-	-	-
OYSTER SERVICE d.o.o. CIN: 78462162823 , Croatia, Active	Sep 09, 2020	$0 - $1M (As on Dec 31, 2021)	-

Oyster has raised a total funding of $291M over 7 rounds. Its first funding round was on Apr 21, 2020. Its latest funding round was a Series D round on Nov 11, 2024 for $5M. 1 investor participated in its latest round. Oyster has 24 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Oyster:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 11, 2024	$5M	Series D	-	-	ServiceNow	-
Sep 04, 2024	$59M	Series D	$1.2B	-	SLW	Emergence Capital, Endeavor, G2 Venture Partners, Georgian, Stripes
Apr 20, 2022	$150M	Series C	$1B	-	Georgian	Base10 Partners, Okta, Endeavor, Emergence Capital, Slack, Stripes, Avid Ventures, People Tech Partners, LinkedIn, PayPal, Salesforce

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View details of Oyster's funding rounds and investors

The founders of Oyster are Tony Jamous and Jack Mardack. Tony Jamous is the CEO of Oyster.

Here are the details of Oyster's key team members:

Tony Jamous: Co-Founder & CEO of Oyster and founder of 1 other company. They are also an angel investor in 25 startups.
Jack Mardack: Co-Founder of Oyster.

View details of Oyster's Founder profiles and Board Members

Oyster's employee count trend

Oyster has 594 employees as of Aug 26. Here is Oyster's employee count trend over the years:

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Top competitors of Oyster include Deel, Remote and Multiplier. Here is the list of Top 10 competitors of Oyster, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Deel 2019, San Francisco (United States), Series E	Provider of human resources and international payroll compliance software tools	$986M	Spark Capital, Andreessen Horowitz & 57 others	80/100
2nd	Remote 2019, Amsterdam (Netherlands), Series C	Provider of employment infrastructure for payroll compliance and contractor management	$506M	SoftBank Vision Fund, Two Sigma Ventures ... & 27 others	77/100
3rd	Oyster 2019, Charlotte (United States), Series D	Provider of employment software for managing payroll and personnel administration	$291M	Georgian, SLW & 25 others	72/100
4th	Multiplier 2020, Singapore (Singapore), Series B	Cloud-based payroll and compliance platform provider	$77.2M	Peak XV Partners, Tiger Global Management ... & 20 others	67/100
5th	Ramco 1997, Chennai (India), Public	Provider of enterprise resource planning, payroll, and logistics software solutions	-	HDFC Mutual Fund, Goldman Sachs & 4 others	67/100
6th	Globalization Partners 2012, Boston (United States), Late Stage	AI-based hiring platform for taxable & legal purpose enterprises	$350M	TDR Capital, Wincove & 3 others	67/100
7th	CloudPay 1996, Andover (United Kingdom), Series G	Provider of managed payroll processing and automated salary payment services	$334M	Runway Growth Capital, The Olayan Group & 6 others	66/100
8th	Bitwage 2013, San Francisco (United States), Acquired	Payroll and invoicing solutions for cryptocurrencies	$2.26M	Draper, BnkToTheFuture & 10 others	66/100
9th	JetPay 2011, Carrollton (United States), Acquired	Payment processor	$18.3M	Flexpoint Ford	62/100
10th	OnPay 2011, Atlanta (United States), Series B	Payroll management solution provider	$128M	Carrick Capital Partners, AllianceBernstein ... & 1 others	62/100