About Nectar
Nectar is a Consumer company based in Palo Alto (United States) founded in 2014. Inventory management devices for alcohol beverage bars are provided. 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. Its focus areas include Food and Agriculture Tech, Food Tech, Technology Enablers and Bars. Its legal entity is NECTAR INC. Its competitors include BarTrack, BevSpot and Partender; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Palo Alto, United States
- Employees 27
- SectorsConsumer
- Website getnectar.com
- Social LinkedIn Facebook
- Legal Name Nectar Inc
- Total Equity Funding$4.55M (USD)
in 1 rounds
- Latest Funding Round$4.55M (USD), Seed
Dec 2016
- InvestorsGrupo Modelo
& 2 more
- Employee Count27
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 $4.55M
- Total Rounds 1
- Last Round Seed — $4.55M
- First Round $4.55M
(Dec 2016)
- Investors Count 3
All 1 funding rounds of Nectar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2016 | $4.55M | Seed | – | – |
3 investors in total: 1 institutional and 2 angel.
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 |
|---|---|---|---|---|
Grupo Modelo is engaged in brewing and distributing beer in Mexico. | grupomodelo.com | Mexico City, Mexico | ||
JL Joe Lonsdale | American entrepreneur, investor, co-founder of Palantir, active in tech ventures | unknown_6887b48f086c4f0b8 | ||
LS Lior Susan | Indian angel investor, founder of Eclipse Ventures, focusing on tech and hardware. | unknown_e60bd48c102440429 |
Investor details for Nectar
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People of Nectar
2 people are tracked at Nectar (2 in team); the tracked headcount is 27.
| Name | Role | Group |
|---|---|---|
Carolyn Berlin | Knowledge Manager, Sme, Reporting, Trainer | Team |
Cedric Lecroc | Senior Consultant | Team |
Complete people profiles for Nectar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Nectar
2 dated milestones of Nectar across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Nectar is founded.
- Funding First funding round of $4.5M.
Competitors of Nectar
Nectar has 3 listed competitors in our database, 3 of them funded. They include BarTrack, BevSpot and Partender.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bartrack.beer | 2018 | Leesburg, United States | $10.7M | Pouring and inventory management solutions for bars are provided. | ||
| bevspot.com | 2014 | Boston, United States | $22.41M | 29 | SaaS-based solution for bar management | |
| partender.com | 2012 | Mountain View, United States | $50,000 | Bar inventory is tracked via photo-based mobile app. |
Detailed competitors of Nectar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Nectar
Websites that share an audience with Nectar (getnectar.com).
Websites whose visitors overlap most with Nectar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ambrosia-nectar.com | ambrosia-nectar.com | 100% | – | ||
tastenectar.com | tastenectar.com | 100% | #4,292,862 | – |
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Nectar (Food & Beverage Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 |
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Related news about 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. The company's 1st funding round was a Seed of $4.55M, raised on Dec 2016.
Nectar has 27 employees.
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.
Nectar operates through Nectar Inc.