Nectar HR
2024 Revenue
$6M
Funding
$0
YOY
62.6%
Team
176
Founded
2019
How Nectar HR CEO Trevor Larson grew Nectar HR to $6M revenue with a 176 person team in 2024.
Nectar (formerly PerkNow) is the first perpetually free, self-service employee recognition and feedback software built for small to mid-sized businesses. Its all-in-one platform enables positive social interactions through meaningful public recognition, captures employee insights and offers desirable perks to increase employee engagement and retention.
Last updated
Nectar HR Revenue
In 2024, Nectar HR's revenue reached $6M. The company previously reported $3.7M in 2023. Since its launch in 2019, Nectar HR has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Nectar HR Hit $6m revenue in October 2024 | |
| 2023 | Nectar HR Hit $3.7m revenue in October 2023 | |
| 2021 | Nectar HR Hit $907k revenue in April 2021 | |
| 2019 | Launched with $0 revenue |
Nectar HR Valuation, Funding Rounds
Nectar HR is a bootstrapped Employee Engagement Software startup. Founded in 2019, Nectar HR has grown to $6M in revenue without raising any venture capital or outside funding.
As a self-funded Employee Engagement Software SaaS company, Nectar HR has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Nectar HR Employees & Team Size
Nectar HR employs approximately 176 people as of 2026, up from 92 in 2023.
Nectar HR has 176 total employees in different roles and functions and 1 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 176 employees (December 2024) |
| 2024 | Reached 92 employees (October 2024) |
| 2023 | Reached 92 employees (October 2023) |
| 2022 | Reached 52 employees (October 2022) |
| 2021 | Reached 27 employees (December 2021) |
| 2021 | Reached 11 employees (April 2021) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Nectar HR yet.
Frequently Asked Questions about Nectar HR
What is Nectar HR's revenue?
Nectar HR generates $6M in revenue.
Who founded Nectar HR?
Nectar HR was founded by Trevor Larson.
Who is the CEO of Nectar HR?
The CEO of Nectar HR is Trevor Larson.
How much funding does Nectar HR have?
Nectar HR raised $0.
How many employees does Nectar HR have?
Nectar HR has 176 employees.
Where is Nectar HR headquarters?
Nectar HR is headquartered in Orem, Utah, United States.
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Compare Nectar HR to the industry
Nectar HR operates across multiple industries. Browse revenue, funding, and growth data for Nectar HR in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .
Data Disclaimer
All figures on this page are GetLatka estimates from public sources and proprietary models. They are not verified by the company.
Not financial advice. Read full disclaimer.
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