As remote working keeps rolling, Oyster raises $59M Series D at $1.2B valuation [TechCrunch]
TriNet Group, Inc. (TNET)
Last trinet group, inc. earnings: 4/28 04:25 pm
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Source: TechCrunch
distributed workforces – or “global employment” as its marketing paints it. The 2019-founded U.S. startup has just closed a $59 million Series D funding round led by Silver Lake Waterman. The new funding, which brings its total raised to date to $286 million, sees its valuation increase slightly – up to $1.2 billion vs the $1B it was valued at back in 2022 (when it raised its $150M Series C). This means Oyster has maintained its market value at a time when many other tech companies have been forced into down-rounds – bucking a painful trend. Winding the clock back to 2021 – when the world was in the throws of the pandemic and remote working surged as a result of COVID-19 lockdowns – Oyster's $50M Series B was raised on a $475M valuation. Since then remote and hybrid working have become established and that's reflected in some far higher valuations. Oyster competes with a number of other HR platforms – including Deel , which at last count was valued at a staggering $12B (vs $5.5B
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News
- TriNet Group, Inc. (NYSE: TNET) had its price target raised by analysts at TD Cowen from $92.00 to $104.00. They now have a "buy" rating on the stock.MarketBeat
- 401(k) Vs Solo(k) Vs Roth IRA Savings Moves To Make Now Or Later [Forbes]Forbes
- TriNet Releases 2024 Environmental, Social and Governance ReportPR Newswire
- Think Together Appoints John Turner as Chief Revenue Officer to Expand Strategic Partnerships and Drive Growth [Yahoo! Finance]Yahoo! Finance
- TriNet to Participate in Upcoming ConferencesPR Newswire
TNET
Earnings
- 10/25/24 - Beat
TNET
Sec Filings
- 11/22/24 - Form 144
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- TNET's page on the SEC website