Nectar raised $40 million in Series B funding led by PeakSpan Capital to expand its culture platform.

Apr 18, 2024•over 1 year ago

Amount Raised

$40 Million

Round Type

series b

Jericho

Investors

Peak Span Capital

Description

Nectar, a culture platform specializing in employee recognition and rewards, has partnered with PeakSpan Capital to accelerate the growth and expansion of its platform and suite of product services. The investment will enable Nectar to further develop its culture platform and advance innovation in key areas, empowering organizations worldwide to cultivate vibrant and engaged workplace environments built on recognition.

Company Information

Company

Nectar Services

Location

Jericho, New York, United States

About

Nectar Services Corp. is a global leader in delivering actionable digital experience insights for the cloud collaboration and contact center markets. Nectar's software enables enterprises to collect, correlate and surface their most important customer, agent, and user experience data. This helps businesses to increase operational efficiency, reduce costs, optimize the customer experience and improve brand strength.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Nectar raised $40 million in Series B funding led by PeakSpan Capital to expand its culture platform.

Investors

Description

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Funding Insights

Company Information