Nectar Group, Inc. Raises $5 Million To Build HoneyB, The Income Orchestration Layer For Bitcoin

Seed round led by Portal Ventures. First platform strategy, partnered with $13.5B asset manager Simplify ETFs, is expected to open in the coming weeks. DOVER, DELAWARE Nectar Group, Inc., the company developing the HoneyB platform, today announced a $5 million seed financing round led by Portal Ventures and Peer Ventures, with participation from Anchorage Digital Ventures and various family offices and angels. The company will use the proceeds to build the orchestration layer connecting Bitcoin with institutional capital markets. Despite Bitcoin’s emergence as an institutional asset, earning yield on BTC is still fragmented and operationally hard.