Oyster, a distributed talent enablement platform provider, raised $4.2M in seed funding.
The round was led by Connect Ventures, with participation from Sorenson Ventures, Kima Ventures, and Transferwise Co-founder and Chairman, Taavet Hinrikus, among others.
The company intends to use the funds to expand operations and its business reach.
Founded in 2019 by Tony Jamous and Jack Mardack, Oyster is a distributed talent enablement platform that lets companies hire, manage payroll, and give local benefits to their full-time employees anywhere in the world. The SaaS based solution makes it easy for companies to extend full-time, full-fledged employment, with all the benefits and perks, to their valued workers anywhere in the world. Currently in early-access, Oyster is a fully remote company with a diverse, globally-distributed team.