Oyster, a  North Carolina based Human resource platform, announced that it raised USD 50 Million on June 22nd  2021. This Series B round was led by Stripes and it also saw the participation of existing investors like Emergence Capitals and the Slack Fund.

After this round new investors also joined the list for the companies who backs Oyster like Avid Ventures. In February 2021 the company raised an amount of USD 20 Million in a funding round. 

Words from the investors – 

“The transition to remote work is one of the most fundamental macro trends in business today and COVID-19 accelerated that transition by 10 years,” said Saagar Kulkarni, partner at Stripes, in a statement. 

“Oyster makes it seamless for any company to hire the best person for each job, removing location as a barrier. Tony and the team have built the best software product in the market and are poised to build a market-defining company. We are thrilled to join the entire Oyster team on their mission to level the playing field for the global workforce.” he added.

About Oyster

Oyster was initiated by Jack Mardack and Tony Jamous in 2020, having its headquarters in Charlotte, North Carolina, United States. The startup is on a mission to make it possible for the company’s from every sector to hire wherever they want without going in any hard work by themselves.

Words from the co-founders – 

“What’s happening in the world is that there’s a talent shortage, and also there’s no need to be in the office anymore. When it comes to tapping into the global talent pool, if you think about it, if you’re a London-based company, then the chances that your best talent is in London is less than 1%. So by tapping into the global talent pool, suddenly you’re dramatically increasing your chances, especially if you depend on talent as a key source of your success.” – Tony Jamous, co-founder, Oyster.

“We’re thrilled to partner with Stripes for the next chapter of growth and positive impact for Oyster,” said Jack Mardack, co-founder of Oyster, in a statement. “Investors like Stripes, Emergence, Slack Fund, Avid, and PeopleTech Partners among others, who share in our passion for the Oyster mission and vision for the future of work, give us the rocket fuel we need to change the world by unblocking access to job opportunities for everyone,” he added.

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