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
*********
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Website
*********
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Social
*********
- Legal Name Nectar Inc
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Annual Revenue
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Net Profit
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EBITDA
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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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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $4.5M
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First Round
First Round
(08 Dec 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2016 | Amount | Seed - Nectar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
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Grupo Modelo is engaged in brewing and distributing beer in Mexico.
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Founded Year | Domain | Location | |
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JL
Joe Lonsdale |
American entrepreneur, investor, co-founder of Palantir, active in tech ventures
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Founded Year | Domain | Location |
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LS
Lior Susan |
Indian angel investor, founder of Eclipse Ventures, focusing on tech and hardware.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nectar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nectar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nectar Comparisons
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. 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 |
Pouring and inventory management solutions for bars are provided.
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| domain | founded_year | HQ Location |
SaaS-based solution for bar management
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| domain | founded_year | HQ Location |
Bar inventory is tracked via photo-based mobile app.
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| domain | founded_year | HQ Location |
Inventory management solutions are provided for bars and restaurants.
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| domain | founded_year | HQ Location |
SaaS software suites for bar management and inventory are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nectar
Frequently Asked Questions about Nectar
When was Nectar founded?
Nectar was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Nectar located?
Nectar is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Nectar a funded company?
Nectar is a funded company, having raised a total of $4.55M across 1 funding round to date. The company's 1st funding round was a Seed of $4.55M, raised on Dec 08, 2016.
How many employees does Nectar have?
As of Dec 31, 2022, the latest employee count at Nectar is 27.
What does Nectar do?
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.
Who are the top competitors of Nectar?
Who are Nectar's investors?
Nectar has 3 investors. Key investors include Joe Lonsdale, Lior Susan, and Grupo Modelo.