Nectar HR - About the company
Nectar HR is a series B company based in Orem (United States), founded in 2016 by Trevor Larson and Andrew Hollis. It operates as a Cloud-based employee recognition and reward software for businesses. Nectar HR has raised $53.5M in funding. The company has 1030 active competitors, including 156 funded and 65 that have exited. Its top competitors include companies like Medallia, Xoxoday and Qualtrics.
Company Details
Cloud-based employee recognition and reward software for businesses. It enables positive social interactions through public recognition, captures employee insights, and offers desirable perks to improve employee engagement and retention. Monetizes through subscription-based pricing plans.
- Website
- nectarhr.com
- Social
- Email ID
- *****@nectarhr.com
- Phone Number
- +1 **********
- Registered Address
- 729 N 1500 W,OREM,UT,84057,0
Key Metrics
Founded Year
2016
Location
Orem, United States
Stage
Series B
Total Funding
$53.5M in 2 rounds
Latest Funding Round
Investors
Ranked
16th among 1030 active competitors
Employee Count
271 as on Jun 30, 2026
Legal entities associated with Nectar HR
Nectar HR is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PERKCITY, INC. CIN: 32086948620 , United States, Active | - | - | - |
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Nectar HR's funding and investors
Nectar HR has raised a total funding of $53.5M over 2 rounds. Its first funding round was on Apr 18, 2024. Nectar HR has 3 institutional investors.
Here is the list of recent funding rounds of Nectar HR:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 25, 2025 | 1165429 | Series B | 7461967 | 4792021 | 2675600 | 2768494 |
Apr 18, 2024 | 1145519 | Series B | 8810079 | 3165763 | 8877321 |
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Nectar HR's founders and board of directors
Founder? Claim ProfileThe founders of Nectar HR are Trevor Larson and Andrew Hollis. Trevor Larson is the CEO of Nectar HR.
Here are the details of Nectar HR's key team members:
- Trevor Larson: Co-Founder & CEO of Nectar HR and founder of 1 other company. Contact Info: 1 email address
- Andrew Hollis: Co-Founder of Nectar HR and founder of 1 other company. Contact Info: 1 email address
View details of Nectar HR's Founder profiles and Board Members
Nectar HR's employee count trend
Nectar HR has 271 employees as of Jun 26. Here is Nectar HR's employee count trend over the years:
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Nectar HR's Competitors and alternates
Top competitors of Nectar HR include Medallia, Xoxoday and Qualtrics. Here is the list of Top 10 competitors of Nectar HR, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Medallia 2001, Pleasanton (United States), Acquired | Provider of experience management software and related customer service solutions | $344M | 81/100 | |
2nd | Provider of rewards and loyalty platform that enables businesses to run employee engagement, customer loyalty, and incentive programs | $101M | 77/100 | ||
3rd | Qualtrics 2002, Provo (United States), Acquired | Provider of experience management software facilitating customer, employee, and market research | $400M | 76/100 | |
4th | Culture Amp 2009, Richmond (Australia), Series F | Employee experience management platform | $258M | 73/100 | |
5th | Provider of a platform for frontline workforce management and engagement | $167M | 73/100 | ||
6th | Lattice 2015, San Francisco (United States), Series F | Provider of a platform for managing employee performance, engagement, and compensation | $332M | 71/100 | |
7th | Blink 2014, London (United Kingdom), Series A | Developer of a mobile-first platform for employee experience and communications | $48.4M | 69/100 | |
8th | AdvantageClub.ai 2016, San Francisco (United States), Series A | Provider of platform for employee recognition, rewards, incentives, and wellbeing | $11M | 68/100 | |
9th |  Simpplr 2014, Milpitas (United States), Series D | Provider of an AI intranet and employee experience platform | $131M | 67/100 | |
10th | Modo Labs 2010, Cambridge (United States), Series B | Digital engagement and no-code application development platform | $14.4M | 66/100 | |
16th |  Nectar HR 2016, Orem (United States), Series B | Cloud-based employee recognition and reward software for businesses | $53.5M | 61/100 |
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Nectar HR's Investments and acquisitions
Nectar HR has made no investments or acquisitions yet.
Reports related to Nectar HR
Here is the latest report on Nectar HR's sector:
News related to Nectar HR
Filter this listMedia has covered Nectar HR for a total of 3 events in the last 1 year, 1 of them has been about partnerships.
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Nectar Introduces SHRM Recognition & Rewards Powered by Nectar to Help Organizations Build Cultures of AppreciationBusinessnewsthisweek•Nov 01, 2024•Nectar HR
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