Nectar develops an IoT solution for the hospitality and consumer packaged goods industries. Nectar solves the large information gap within the trillion-dollar consumer packaged goods and alcoholic beverage industries, with a new generation of connected devices that power automatic replenishment and data-driven insights.
Type
Private
HQ
Palo Alto, US
Founded
2014
Size (employees)
16 (est)+24%
Nectar was founded in 2014 and is headquartered in Palo Alto, US
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Key People/Management at Nectar

Aayush Phumbhra

Aayush Phumbhra

Co-Founder and CEO
Prabhanjan Gurumohan

Prabhanjan Gurumohan

Co-Founder and COO

Nectar Office Locations

Nectar has an office in Palo Alto
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Nectar Financials and Metrics

Summary Metrics

Founding Date

2014

Total Funding

$4.6 m

Latest funding size

$4.55 m

Time since last funding

a year ago
Nectar's latest funding round in December 2016 was reported to be $4.6 m. In total, Nectar has raised $4.6 m
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Nectar News and Updates

This Mattress Startup Hit $55 Million in Just One Year--Here's How They Did It

It's like a dream come true ... literally

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Blockchain-based Polyswarm hopes to solve a problem of upwards of $3 trillion in cyber crime costs.

Mayfair millionaires’ concierge creates its own cryptocurrency for watch collectors

Luxure Global Citizen wants its customers to be able to earn cash back on luxury purchases in its own version of Bitcoins.

Sainsbury's has taken full control of Nectar so it can use shopper data

Sainsbury's has paid £60m to take full control of the Nectar loyalty scheme, giving it greater access to information about customer habits. It said the decision to acquire the shares in the programme from analytics firm Aimia Inc UK was part of a strategy "of knowing its customers better than any…

11 cocktails made of eggnog to get you into the holiday spirit

It's beginning to look a lot like a boozy Christmas. While some people will be looking for hot chocolate and warm milk to go with their cookies, most of us are looking for cocktails to get through the holiday rush. SEE ALSO: 20 gifts under $20 for your wine-loving friends Now, eggnog is not everyo…

Open Banking and PSD2 are a boon to banks, not a burden

The EU’S second payment services directive (PSD2), set to come into force next year, will require banks to share current account information with third parties through APIs — providing the customer gives consent. This will allow new companies to innovate with an important data source, giving the …
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