What is Nectar's business focus and history?
Nectar is a funded company based in Lehi, Utah (United States), founded in 2015 by Trevor Larson, Andrew Hollis, and Jackson Horne. It operates as an employee recognition and rewards platform designed to help organizations build positive workplace cultures. Nectar has raised a total of $54 million in funding, including a $40 million Series B round in April 2024 led by PeakSpan Capital. The company has 200 employees and offers products such as Recognition & Rewards, Internal Communication, and Employee Listening tools. Its top competitors include companies like Culture Amp, Bonusly, and Fond.
Nectar Corporate Details & Core Services
Nectar is an employee recognition and rewards platform designed to help organizations build positive workplace cultures by fostering community, purpose, and appreciation.
Nectar Contact Information & Official Links
What are Nectar's Key Business Metrics & Stats?
No of employees 200
Founded year 2015
Type private
SAICS CODE 8999
NAICS Code 541612
Industry Human Resources Services
Location Lehi, Utah, United States
Pricing Strategy Subscription-based
Nectar
Firmographic Snapshot
2026
2015
Founded Year
200
Global Employees
United States
Headquarters
Human Resources Services Industry
Private
Type
Verified by
DexterAgent.ai
How much funding has Nectar raised to date?
Name
Description
Funding Amount
USD 40 Million
Stage
Series B
Latest Valuation
0 (USD)
Lead Investor
PeakSpan Capital
Investors
PeakSpan Capital
What are Nectar's Core Products?
Name
Description
Recognition & Rewards
A platform enabling peer-to-peer recognition and rewards to foster a positive workplace culture.
Internal Communication
Tools to streamline internal communications and enhance employee engagement.
Employee Listening
Features for gathering employee feedback through surveys and analytics to improve engagement.
What are the latest developments at Nectar?
Date
Type
Description
April, 2024
Funding
Nectar announced a $40 million Series B funding round led by PeakSpan Capital to expand its culture platform.
August, 2025
Award
Nectar ranked #599 on the 2025 Inc. 5000 list, recognized as the #1 software company in Utah.
April, 2024
Partnership
Nectar partnered with SHRM to enhance employee recognition and rewards programs globally.
What industry awards and recognitions has Nectar received?
Date
Type
Description
August, 2025
Inc. 5000
Ranked #599 on the 2025 Inc. 5000 list, recognized as the #1 software company in Utah.
Nectar VS Culture Amp VS Bonusly VS Fond : 2026 Comparison
Feature
Nectar
Culture Amp
Bonusly
Fond
Core Strengths Recognition & Rewards, Internal Communication, Employee Listening
Engage, Perform, Develop, AI Coach
Recognition, Rewards & Incentives, Continuous Performance, Celebrations, Nominations & Awards, Announcements
Fond Rewards, Fond Perks
Founded Year 2015
2009
2012
2012
Stock Name/Ticker
Type private
private
private
private
Global Employees 200
1071
100
51
Revenue (Annual) $75 Million(2025)
$10 Million(2025)
Headquarters Lehi, Utah, United States
Richmond, Victoria, Australia
Boulder, Colorado, United States
San Francisco, California, United States
Latest Valuation $0
$1.5 Billion
$0
$0
LATEST REVENUE (TRILLIONS USD)
EMPLOYEE COUNT (THOUSANDS)
INNOVATORS
VISIONARIES
DISRUPTORS
GIANTS
Bonusly
10 | 100
Competitive Landscape 2026
DexterAgent.ai
What are Nectar's official legal and registration details?
Name
Description
Legal Name
PerkCity, Inc.
Cin number
GST number
Registration number
Who is in Nectar's executive leadership team?
Name
Designation
CEO
Trevor Larson
COO
Jackson Horne
Where are Nectar's primary office locations?
City
Country
Lehi
United States
What are the current business signals and market intelligence for Nectar?
Spending next 3 months
Product Development, Market Expansion, Customer Support Enhancement
Pain points
Employee Engagement, Recognition Programs, Workplace Culture
Sales motion
Direct Sales, Partnerships
Buyer Persona
HR Managers, People Operations Leaders
Type of customer
Businesses, Organizations
Key customer domain
mlb.com, statista.com, shrm.org
Annual ACV
$10,000 - $50,000
What is Nectar's annual revenue history?
Year
Revenue (USD)
2025
75 Million
What are Nectar's risk management and compliance ratings?
GDPR RIsk
No
Privacy Risk
No
Company Ratings
2.8
Glassdoor Rating
Saas
Yes
Offline Stores
No
Service
Yes
Ecommerce
No
Exporter
No
Mobile App
No
Retail
No
B2B
Yes
B2C
No
Manufacturing
No
Wholesale
No
Importer
No
