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Bitcoin yield platform HoneyB developer raises $5 million at $30 million valuation

By Yogita Khatri

Nectar Group, the developer of bitcoin income platform HoneyB, has raised $5 million in a seed funding round.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Funding round

A stage in which a startup raises money from investors, named in sequence such as seed, Series A and Series B.

Each round sets a valuation and shows how much confidence investors have in the company.

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