Fundraising Fox

Nectar

YC S23

San Francisco, US · Founded 2022 · 7 employees · Hiring · 6 known investors

Find your way into Nectar

448 people in our graph share verified history with the Nectar team — schools, employers, funds. One of them is your warm intro.

Mike Volpiunlockedknows Allen Wang · together at Scale AI (overlapped)
×7knows the team · via Scale AI
×4knows the team · via Massachusetts Institute of Technology

Nectar builds a utility intelligence platform that aggregates energy consumption data from utility bills and online portals to help companies optimize their energy usage and costs. The platform serves organizations seeking to reduce their energy spend and carbon footprint by providing the data infrastructure needed to identify cleaner energy sources and better rates.

Also known as Inc. · Pairly Climate

Advanced ManufacturingCleantechClimate TechData & InfrastructureEnergyEnterprise SoftwareSaaSUnited States of AmericaAmerica / Canada

Founders & leadership· Y Combinator alumni (S23)

Nectar was founded in 2022 by Allen Wang and Katherine He.

AWAllen Wang
Allen Wangin𝕏Co-FounderAllen studied computer science, electrical engineering, and mathematics at MIT. He previously worked at Scale AI and Google before co-founding Nectar with Katherine.30 Under 30 2026
KHKatherine He
Katherine HeinCo-FounderKatherine He holds degrees in computer science and business management from MIT and previously worked at Two Sigma on financial data infrastructure.30 Under 30 2026

Investors · 6

Formus Capital
Twine VenturesSan Francisco · $500K – $750K
Y CombinatorSan Francisco · $500K
MenloreportedMenlo Park
Menlo VenturesreportedSan Francisco · $1M – $20M
True VenturesreportedSan Francisco · $500K – $3M

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Competitors · 2

by search overlap
Doxo415 shared keywordsdoxo operates an online bill pay network that lets U.S. consumers manage and pay all their household bills and due dates in one place across more than 120,000 billers and 45 service categories. It also offers doxoDIRECT for billers to receive payments and doxoINSIGHTS, which analyzes aggregated household bill pay data.
WattBuy93 shared keywordsWattBuy helps homeowners compare and select renewable energy plans that lower their electricity bills and reduce carbon emissions. The company provides personalized recommendations across deregulated U.S. energy markets to accelerate the transition to clean electricity.

Companies competing with Nectar for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Nectar Social Raises $30M, Rebrands Itself as Nectar Agent - Demand Gen Reportdemandgenreport.com · Jun 2026Marketing operating system Nectar Social raises $30M Series A led by Menlo | TechCrunchtechcrunch.com · May 2026Nectar Social Raises $30M in Series A Fundingfinsmes.com · May 2026Nectar Social Raises $30M Series A to Build the Agentic Operating System for Modern Marketingfinance.yahoo.com · May 2026🐝 Nectar - Making environmental data auditable and easier to collectycombinator.com · Jul 2023Nectar Raises Over $24M in Series A Fundingfinsmes.com · Dec 2022Nectar Raises $4.55M in Seed Funding - FinSMEsfinsmes.com · Dec 2016Nectar That Gives Bees a Buzz Lures Them Back for Morenytimes.com · Mar 2013

Frequently asked questions

What does Nectar do?
Nectar builds a utility intelligence platform that aggregates energy consumption data from utility bills and online portals to help companies optimize their energy usage and costs. The platform serves organizations seeking to reduce their energy spend and carbon footprint by providing the data infrastructure needed to identify cleaner energy sources and better rates.
Who founded Nectar?
Nectar was founded by Allen Wang, Katherine He in 2022.
Who are Nectar's investors?
Nectar's investors include Formus Capital, Twine Ventures, Y Combinator, Menlo, Menlo Ventures, True Ventures.
Where is Nectar headquartered?
Nectar is headquartered in San Francisco, US.