About Nectargo
Nectargo is a company based in Lezennes (France) founded in 2021 by Martin Pennel.. Nectargo has raised $2 million across 1 funding round from investors including High Flyers Capital, Evolem and Sonorcap. Nectargo offers products and services including Local Sourcing Platform and AI Compliance Tools.
- Headquarter Lezennes, France
- Founders Martin Pennel
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Nectargo
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Seed
Oct 27, 2022
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Investors
High Flyers Capital
& 2 more
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Employee Count
Employee Count
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Products & Services of Nectargo
Nectargo offers a comprehensive portfolio of products and services, including Local Sourcing Platform and AI Compliance Tools. 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.
A platform is provided for optimizing direct procurement and valuing local products in stores
Tools are offered for centralizing invoices and detecting anomalies to ensure regulatory compliance
Funding Insights of Nectargo
Nectargo has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in October 2022. 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 — $2.0M
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First Round
First Round
(27 Oct 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Seed - Nectargo | Valuation | High Flyers Capital |
| 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 Nectargo
Nectargo has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include High Flyers Capital, Evolem and Sonorcap. 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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High Flyers Capital is focused on food sector investments.
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Founded Year | Domain | Location | |
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Investment, business support, startup acceleration, property assistance, and philanthropy services are provided by Evolem.
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Founded Year | Domain | Location | |
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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 Nectargo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Nectargo
| 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 |
Nectargo Comparisons
Competitors of Nectargo
| 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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Frequently Asked Questions about Nectargo
When was Nectargo founded?
Nectargo was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Nectargo located?
Nectargo is headquartered in Lezennes, France. It is registered at Lezennes, Hauts-de-france, France.
Is Nectargo a funded company?
Nectargo is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Oct 27, 2022.
What does Nectargo do?
Nectargo was founded in 2021 by Martin Pennel and is based in Lezennes, France. Operations are centered on the production and distribution of fruits, vegetables, groceries, bakery items, and drinks within the food and grocery sector. The company serves regional markets through its domain nectargo.fr, focusing on supply chain management for fresh and packaged goods. Activities encompass sourcing, processing, and delivery to support local distribution networks.
What products or services does Nectargo offer?
Nectargo offers Local Sourcing Platform and AI Compliance Tools.
Who are Nectargo's investors?
Nectargo has 3 investors. Key investors include High Flyers Capital, Evolem, and Sonorcap.