Lowenstein Sandler represented PeakSpan Capital as lead investor in a committed $40 million Series B funding round in Nectar, a culture platform specializing in employee recognition and rewards.

PeakSpan Capital is a prominent growth equity firm renowned for its strategic investments in high-potential technology companies. Based in New York City and San Mateo, PeakSpan has partnered with over 40 high-growth software businesses and has $1.5B+ in AUM.

This significant investment will enable Nectar to further develop its culture platform, empowering organizations worldwide to cultivate vibrant and engaged workplace environments built on recognition. This will include large investments into the core recognition product, as well as additional strategic products which will enable companies to build strong organizational cultures.

With the support of PeakSpan Capital, Nectar is poised to advance innovation in key areas, including additional features, scalability, and user experience. The infusion of capital will also fuel research and development efforts, ensuring Nectar remains at the forefront of the industry, delivering impactful solutions to its growing client-base.

The Lowenstein deal team included Anthony O. PergolaSarah Gore, Paul M. Krueger, P. Kai Knight, Brianne L. Polito, Adam Dickson, Jessica I. Kriegsfeld, Kelsey Repka, and Chynara Tolubaeva.

Since 2020, Lowenstein has represented PeakSpan in funding rounds for such startups as Abre, Arist KonnectoTapcheckDispatchFinPay HoldingsLeasecake, Rallyware, and Ecwid.