Oyster receives $14 million
Oyster is an e-book startup that has raised $14 million in funding from Highland Capital Partners and Founders Fund. Oyster has raised a total of $17 million. Oyster plans on using the funding to hire more than double their staff over the next year and expand their platform beyond the iPhone and iPad. Oyster currently has 10 employees. The amount of new subscribers has more than doubled after the iPad app was launched.