Nectar
Nectar is a utility intelligence platform designed to automate the collection and aggregation of energy, water, and waste data for sustainability and ESG teams, as well as energy brokers and consultants. The platform extracts granular usage and cost data from utility bills and online portals, enabling businesses to manage their environmental impact, optimize energy consumption, and improve financial reporting. Nectar's key features include global utility coverage for over 7000 providers, high data granularity, and a focus on data completeness to reduce errors for audits. The company targets industries such as manufacturing, food and beverage, real estate, and telecommunications, offering solutions for both energy brokers to enhance client value with accurate data and for sustainability teams to streamline carbon accounting and ESG reporting. Nectar aims to build the data infrastructure for the clean energy economy by providing accurate and reliable utility data, thereby empowering organizations to take effective action against climate change.
Nectar
Nectar is a utility intelligence platform designed to automate the collection and aggregation of energy, water, and waste data for sustainability and ESG teams, as well as energy brokers and consultants. The platform extracts granular usage and cost data from utility bills and online portals, enabling businesses to manage their environmental impact, optimize energy consumption, and improve financial reporting. Nectar's key features include global utility coverage for over 7000 providers, high data granularity, and a focus on data completeness to reduce errors for audits. The company targets industries such as manufacturing, food and beverage, real estate, and telecommunications, offering solutions for both energy brokers to enhance client value with accurate data and for sustainability teams to streamline carbon accounting and ESG reporting. Nectar aims to build the data infrastructure for the clean energy economy by providing accurate and reliable utility data, thereby empowering organizations to take effective action against climate change.
TL;DR
Core product: Automated utility data collection and management (energy, water, waste) with line-item parsing and audit trails
Customers / users: Sustainability/ESG teams, facility and energy managers, energy brokers and consultants
Founders: Allen Wang and Katherine He
Funding: Pre-seed; total disclosed funding $500,000 (last funding 2023-09-06)
Company Overview
Problem Domain
Utility data management for sustainability/ESG and energy/facility operations
Industry
Climate / Energy / Sustainability Software
Funding Track Record
500000.00
Investor Signal
“Backed by Y Combinator and climate-tech / Silicon Valley investors”