FUNDING
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FUNDING$80M
Tapestry VC Closes $80M Third Fund to Back Europe's Repeat Founders
Tapestry VC, the London-based firm founded by Patrick Murphy and Audrey Miller, closed an $80 million third fund on July 1 dedicated to backing second- and third-time European founders, moving from roughly $1 million to $1-3 million check sizes as it targets around 30 pre-seed and seed portfolio companies. LPs include the British Business Bank, Railpen, Molten Ventures and OpenAI CFO Sarah Friar as an individual investor.
FUNDING
London's Tapestry VC Closes $80M Third Fund to Back Repeat European Founders
FUNDING$80M Fund III
London's Tapestry VC Closes $80M Third Fund to Back Repeat European Founders
Tapestry VC closed an $80 million third fund on July 1, targeting repeat European founders with $1-3 million checks -- up from roughly $1 million in its prior fund -- out of a new London flagship office led by managing partner Patrick Murphy, who relocated from San Francisco, Crunchbase News reported. Limited partners include the British Business Bank, pension fund Railpen, Molten Ventures and OpenAI CFO Sarah Friar personally.