About Nectar HR
Nectar HR is a company based in Orem (United States) founded in 2016 by Trevor Larson and Andrew Hollis.. Nectar HR has raised $53.5 million across 2 funding rounds from investors including PeakSpan Capital. Nectar HR offers products and services including Recognition & Rewards, Nomination Program, and Internal Communication. Nectar HR operates in a competitive market with competitors including Culture Amp, Achievers, ScribbleLive, Xoxoday and Fond, among others.
- Headquarter Orem, United States
- Founders Trevor Larson, Andrew Hollis
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Perkcity, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$53.5 M (USD)
in 2 rounds
-
Latest Funding Round
$13.5 M (USD), Series B
Apr 25, 2025
- Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Nectar HR
Nectar HR offers a comprehensive portfolio of products and services, including Recognition & Rewards, Nomination Program, and Internal Communication. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for celebrating achievements and providing rewards.
System for nominating employees for recognitions.
Tools for sharing updates and announcements within organizations.
Unlock access to complete
Funding Insights of Nectar HR
Nectar HR has successfully raised a total of $53.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $13.5 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $13.5M
-
First Round
First Round
(18 Apr 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series B - Nectar HR | Valuation |
investors |
|
| Apr, 2024 | Amount | Series B - Nectar HR | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nectar HR
Nectar HR has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include PeakSpan Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital firm focused on B2B software growth-stage companies.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Nectar HR
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Nectar HR
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nectar Hr Comparisons
Competitors of Nectar HR
Nectar HR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Culture Amp, Achievers, ScribbleLive, Xoxoday and Fond, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Employee experience management platform
|
|
| domain | founded_year | HQ Location |
Employee Recognition and engagement platform provider
|
|
| domain | founded_year | HQ Location |
Employee engagement is supported through interactive assessments and polls.
|
|
| domain | founded_year | HQ Location |
AI-powered loyalty, rewards, and employee engagement solutions are provided.
|
|
| domain | founded_year | HQ Location |
Employee recognition and perks are facilitated via a digital platform.
|
|
| domain | founded_year | HQ Location |
Employee benefits and engagement are delivered via a cloud-based platform.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Nectar Hr
Frequently Asked Questions about Nectar HR
When was Nectar HR founded?
Nectar HR was founded in 2016 and raised its 1st funding round 8 years after it was founded.
Where is Nectar HR located?
Nectar HR is headquartered in Orem, United States. It is registered at Orem, Utah, United States.
Who is the current CEO of Nectar HR?
Trevor Larson is the current CEO of Nectar HR. They have also founded this company.
Is Nectar HR a funded company?
Nectar HR is a funded company, having raised a total of $53.5M across 2 funding rounds to date. The company's 1st funding round was a Series B of $40M, raised on Apr 18, 2024.
What does Nectar HR do?
Cloud-based employee recognition and reward software for businesses. It enables positive social interactions through public recognition, captures employee insights, and offers desirable perks to improve employee engagement and retention. Monetizes through subscription-based pricing plans.
Who are the top competitors of Nectar HR?
Nectar HR's top competitors include Culture Amp, Xoxoday and Vantage Circle.
What products or services does Nectar HR offer?
Nectar HR offers Recognition & Rewards, Nomination Program, and Internal Communication.
Who are Nectar HR's investors?
Nectar HR has 1 investor. Key investors include PeakSpan Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.