Nectar Co-Founder and CEO Derrick Barker was selected as one of 10 startup founders to pitch the company in the annual Innovation Summit Pitch Competition at Phocuswright Conference 2022.
At the end of the competition, Nectar won the People’s Choice Award and runner-up for Most Innovative Startup of the Year.
If you’re interested in learning more about Nectar’s model and hearing Derrick’s Q&A with a panel of industry experts, watch the full recording here:
Additionally, Nectar was named one of the Phocuswire Hot 25 Startups for 2023. This annual list recognizes innovative travel startups that are less than five years old and have significant growth potential.
“We are laser-focused on identifying the top short-term rental owners and managers in the country and being their go-to financing partner,” Nectar’s co-founders Derrick Barker and Brittany Mosely shared in the Phocuswire release. “Our goal over the next year is to build a $75 million portfolio of advances to a geographically diverse group of top-tier operators.”
Reflecting on the biggest lessons they’ve learned this year, they shared:
“As real estate entrepreneurs grow from ‘mom and pop’ to professional operators, their financing needs change and accelerate… Being able to provide fast and flexible capital along with having a network of service providers to be able to help operators level up their financial operations adds considerable value as these growth-oriented companies build their portfolios.”