New Stack Ventures led the round and was joined by Global Founders Capital, Conversion Capital, Cambrian Ventures, SNR VC, Kearny Jackson, Valia Ventures, Interlace Ventures, and V1 VC, alongside a group of angels including Garrett Koehn, President of CRC Insurance, Gokul Rajaram, executive at DoorDash, Eugene Marinelli, Founder of Blend, and Joe Schmidt, Partner at a16z. The Seed round will be used to help Oyster build out its omnichannel insurance platform for consumers and merchants.

Oyster is an insurance technology company that provides a new standard of comprehensive personal insurance coverage through a simplified experience. Oyster's end-to-end platform enables retailers to embed personal insurance at the point-of-sale to make insurance more accessible for consumers. Founded in 2021, co-founders Vic Yeh, Jon Patel, and Nikhil Kansal created Oyster with a vision to revolutionize the P&C insurance industry by redesigning the customer experience through innovative technology and underwriting. Oyster offers affordable and transparent insurance for bikes & eBikes, jewelry, collectibles, and electronics, and partners with a growing network of e-commerce and brick-and-mortar merchants for personal insurance at the click of a button.