Oyster modernizes personal insurance by offering a transparent online experience at the point-of-sale. The company partners with merchants to provide coverage for high-end items such as engagement rings, watches, and e-bikes. Its product addresses gaps in homeowners and renters insurance, which often have high deductibles, low single-item limits, and exclusions for category-specific risks. Oyster launched from stealth and emphasizes merchant integrations to deliver point-of-sale protection. The company said it will use new capital to expand operations and broaden its business reach. Oyster was co-founded by Vic Yeh, Jon Patel, and Nikhil Kansal.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2022