Published: July 1, 2026 at 9:14 am
Tapestry VC has launched an $80 million (£60m) Fund III to double its scale and deepen its focus on backing repeat founders across Europe and North America.
At almost three times the size of the firm’s previous funds, the fund is co-anchored by a $40m commitment from new sovereign investor British Business Bank, alongside returning institutional co-anchors Railpen – a £35 billion pension plan – and Molten Ventures – a £1bn fund-of-fund.
Notable tech leaders, such as OpenAI CFO Sarah Friar, are also joining the new fund.
Tapestry has also opened a flagship London office, with founder Patrick Murphy relocating from San Francisco to the UK capital after a decade of investing on both sides of the Atlantic.