HoneyB Developer Secures $5 Million in Funding at a $30 Million Valuation

October 21 - Nectar Group, the developer of Bitcoin yield platform HoneyB, has raised $5 million in a seed funding round led by Portal Ventures, with participation from Peer Venture Partners, Anchorage Digital Ventures, an unnamed family office, and angel investors. Josh Gordon, co-founder and CEO of Nectar Group, revealed that the company initiated this funding round in late Q4 2025 and completed it in early Q3 2026.

Gordon stated that the funding round took the form of a Simple Agreement for Future Equity (SAFE) with 1:1 token subscription warrants, at a post-money valuation of $30 million. Gordon also stated that none of the investors received board seats, board observer status, or advisory positions.