Nectar’s Sweet Success: Securing $40 Million Series B Funding
PerkCity, Inc. (DBA Nectar), the Utah-based culture platform specializing in employee recognition and rewards, has reached a significant milestone with the announcement of a committed $40 million Series B Funding Round. This funding, led by PeakSpan Capital, represents a pivotal moment for Nectar as it embarks on a journey of growth and expansion.
With this substantial investment, Nectar is poised to accelerate the development of its platform and suite of product services, focusing on enhancing workplace culture through recognition. The infusion of capital will enable Nectar to further innovate its core recognition products and introduce new strategic offerings designed to support organizations in building strong and engaged workplace cultures.
The Series B raise underscores Nectar’s commitment to empowering organizations worldwide to cultivate vibrant and inclusive environments where every individual feels valued and appreciated. By investing in research and development, Nectar aims to remain at the forefront of the industry, delivering impactful solutions to its growing client base.
The partnership with PeakSpan Capital provides Nectar with valuable resources and expertise to fuel its growth trajectory. With a focus on scalability, user experience, and innovation, Nectar is well-positioned to drive meaningful change in the workplace culture space.
The announcement of the Series B Funding marks a new chapter for Nectar, signaling its commitment to driving positive change in workplace culture worldwide. With a focus on innovation and growth, Nectar is poised to make a lasting impact on organizations and employees alike, shaping the future of work for years to come.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
