The future of work is long on long-distance, and today a startup that’s built a platform to help organizations hire global talent and build out those remote workforces is announcing a round of funding on the heels of strong growth.
Oyster — which provides tools to help with hiring, onboarding, payroll, benefits and salary management services for both contractors and full-time employees working outside of an organization’s home country — has closed a Series B of $50 million.
We understand that the funding is coming in at a $475 million valuation, six times the company’s valuation when it last raised money — a $20 million round just four months ago. The company itself has seen business grow “exponentially” since then, said Tony Jamous, London-based Oyster’s CEO who co-founded the company with Jack Mardack. The company now works with 80 large businesses, he said, helping them fill knowledge worker roles.
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