VC investing: Tech-first VCs line up for new-age consumer firms
In the latest instance of tech-first venture capital firms investing in new-age consumer brands with offline presence, Nexus Venture Partners, known for SaaS expertise, is set to lead a $5 million funding round in specialty coffee brand AbCoffee, people in the know said. The round will see the coffee brand’s valuation treble to about $15 million in less than six months.In other deals, Nexus has handed out a term sheet to lab-grown diamond (LBD) maker Aukera, said the people cited above. Elevate Your Tech Prowess with…