2024 Revenue
$6M
Funding
$0
YOY
62.6%
Team
176
Founded
2019
How Nectar HR CEO Trevor Larson grew 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 |
|---|
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.
Nectar HR Employees & Team Size
Nectar HR employs approximately 176 people as of 2026, up from 92 in 2023, including 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) |
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.
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.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed
Chattermill Analytics
Copilot transforms the way you interact with your customer data. With the power of generative AI, you can get answers to all of your CX, product, and marketing questions, improving team alignment, efficiency, and productivity. Have questions? Just ask!
Sentisis
Sentisis is the Customer Experience platform for the Spanish language
SPOT
Provider of a cloud based measurement software designed to make cloud computing more accessible and practical through simplicity and technical resources driven by the community. The company's cloud based measurement software uses artificial intelligence and machine learning to capture and analyze the data of the real world through video to predict and establish more precise marketing strategies, enabling businesses to optimize processes and gain competitive advantage.
Tactile Mobility (formerly MobiWize)
Provider of a device sensing platform intended to transform the mobility industry. The company's platform comprises of two advanced software modules that can be provided as standalone or combined together to gather signal processing data, enabling clients to avail safer, efficient and enjoyable driving experience.
Tera
Tera is a AI powered smarter finance platform offering unified experience for businesses
Tauri
Developer of a cloud based cyber security platform designed to provide effective and secure services to business across all places. The company's cyber security platform stores and safeguards confidential and classified information from threats and enables only the sender and recipient have access to encryption keys that are used to open communications and other files through web browsers, mobile phones, Windows and Mac, enabling organizations to handle communication, scheduling and file management in a secured way.
