Event: 2022 Phocuswright Conference
Product: Nectar
HQ: Atlanta, GA, U.S.
Principal(s): Founders: Derrick Barker & Brittany Mosely
Funding: Equity ($2.75M): Alpaca, Techstars, Cox Enterprises, Mavron, Collab Capital, Rare Breed, J4 Ventures Credit Facility ($25M): Coromandel Capital
Product Description: Nectar provides an online financial ecosystem of capital and investment opportunities within the real estate marketplace. This ecosystem offers a unique opportunity for the Real Estate Entrepreneur to grow their business more quickly and the Credit Investor to see new and more frequent returns.
Business Model: Nectar allows you to convert your future cash flows into a lump sum cash advance, today. Whether you need one time funding, or you're looking for an ongoing capital partner, we're here to help you build your real estate empire — without giving up any equity.
Competitors: Traditional Lenders and equity partners
Competitive Edge: Get the fast, flexible, non-debt financing you need to scale your rental portfolio — without raising equity. Whether you want to grow your portfolio or upgrade your existing one: Nectar has the capital you need to scale your short-term real estate business, fast.
Market Opportunity: The traditional ways of securing capital investment are, well...old. And those old ways have established growth capital vehicles that are sluggish, comp-based, and often require a loss of ownership through equity.
At Nectar, we have built an online platform to advance real estate entrepreneurs. We leverage monthly cash flow as an investable product allowing entrepreneurs to acquire new properties or improve their existing properties.
Early Customers: Nectar funds experienced real estate entrepreneurs including property owners, managers and rental arbitrageurs.
