Lebanese entrepreneur Tony Jamous, together with co-founder Jack Mardack, has achieved a big milestone with their world employment platform, Oyster, now valued at over $1.2 billion.
The corporate not too long ago raised $59 million in Sequence D funding, bringing the full quantity of funding to $286 million since its inception in 2020.
Jamous, who grew up in Lebanon in the course of the Civil Warfare, left for France on the age of 19 after his father bought the household’s solely automotive to purchase him a one-way ticket. After co-founding Nexmo in 2010, which was later acquired by Vonage in 2016, Jamous shifted his focus to constructing Oyster, pushed by the adjustments he noticed on the planet of labor.
Oyster was based in the course of the pandemic, when distant work was changing into the norm, with the aim of creating world hiring and administration simpler for firms. The platform permits companies to rent, pay, and assist staff throughout borders, serving to them navigate the complexities of compliance, taxes, and compensation in several nations.
Right now, the corporate employs over 500 folks throughout 60 nations, offering companies with the infrastructure they should develop internationally with out being restricted by geographic constraints.
