Lebanese entrepreneur Tony Jamous, along with co-founder Jack Mardack, has achieved a significant milestone with their global employment platform, Oyster, now valued at over $1.2 billion.
The company just raised $59 million in Series D funding, bringing the total amount of funding to $286 million since its inception in 2020.
Jamous, who grew up in Lebanon during the Civil War, left for France at the age of 19 after his father sold the family’s only car to buy him a one-way ticket. After co-founding Nexmo in 2010, which was later acquired by Vonage in 2016, Jamous shifted his focus to building Oyster, driven by the changes he saw in the world of work.
Oyster was founded during the pandemic, when remote work was becoming the norm, with the goal of making global hiring and management easier for companies. The platform allows businesses to hire, pay, and support employees across borders, helping them navigate the complexities of compliance, taxes, and compensation in different countries.
Today, the company employs over 500 people across 60 countries, providing businesses with the infrastructure they need to grow internationally without being limited by geographic constraints.
