About Nectar
Nectar is a company based in Palo Alto (United States) founded in 2014. Nectar has raised $4.55 million across 1 funding round from investors including Joe Lonsdale, Lior Susan and Grupo Modelo. The company has 27 employees as of December 31, 2022. Nectar operates in a competitive market with competitors including BarTrack, BevSpot, Partender, Sculpture Hospitality and Backbar, among others.
- Headquarter Palo Alto, United States
- Employees 27 as on 31 Dec, 2022
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Sectors
Consumer
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Nectar Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$4.55 M (USD)
in 1 rounds
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Latest Funding Round
$4.55 M (USD), Seed
Dec 08, 2016
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Investors
Grupo Modelo
& 2 more
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Employee Count
27
as on Dec 31, 2022
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People of Nectar
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Funding Insights of Nectar
Nectar has successfully raised a total of $4.55M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.55 million completed in December 2016. 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.
Investors in Nectar
Nectar has secured backing from 3 investors, including angel and institutional investors. Prominent investors backing the company include Joe Lonsdale, Lior Susan and Grupo Modelo.
| Investor | Description | Founded Year | Domain | Location |
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Grupo Modelo is engaged in brewing and distributing beer in Mexico.
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Locked | Locked | Locked | |
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JL
Joe Lonsdale |
American entrepreneur, investor, co-founder of Palantir, active in tech ventures
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Locked | Locked | Locked |
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LS
Lior Susan |
Indian angel investor, founder of Eclipse Ventures, focusing on tech and hardware.
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Locked | Locked | Locked |
Investor details for Nectar
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Investments & Acquisitions by Nectar
Investment portfolio details for Nectar
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Financial Statements - Nectar
Detailed financials for Nectar
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Nectar Comparisons
Peer comparison for Nectar
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Competitors of Nectar
Nectar 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 BarTrack, BevSpot, Partender, Sculpture Hospitality and Backbar, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Pouring and inventory management solutions for bars are provided.
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| Locked | Locked | Locked |
SaaS-based solution for bar management
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| Locked | Locked | Locked |
Bar inventory is tracked via photo-based mobile app.
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| Locked | Locked | Locked |
Inventory management solutions are provided for bars and restaurants.
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| Locked | Locked | Locked |
SaaS software suites for bar management and inventory are provided.
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Detailed competitors of Nectar
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Latest news on Nectar
Complete news archive for Nectar
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Frequently Asked Questions about Nectar
Nectar was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Nectar is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Nectar is a funded company, having raised a total of $4.55M across 1 funding round to date.
As of Dec 31, 2022, the latest employee count at Nectar is 27.
Nectar was founded in 2014 in Palo Alto, United States, and focuses on the alcohol beverage industry. Connected devices are offered to collect real-time inventory data in bars through ultrasound technology, automating tracking and reducing shrinkage. Bottles are sealed with the devices, which require no charging. Subscription-based solutions are provided for seamless ordering and processing.
Nectar has 3 investors. Key investors include Joe Lonsdale, Lior Susan, and Grupo Modelo.