Tapestry VC announced Fund III, an $80 million fundraise focused on backing ambitious repeat founders building new companies. The firm will continue investing in founders who are applying lessons from prior startup journeys to their next ventures.
Tapestry VC highlighted several portfolio companies led by repeat founders, including Nothing, Fin, and Hopin. The firm said many of these founders are building their “second-act” companies after gaining significant experience from earlier entrepreneurial efforts.
The firm also pointed to founders behind companies including Ladder, Sunrise Robotics, Relay, Maze, Manna Air Delivery, Tracebit, Requesty, Cloudsmith, Keycard, and Crossbeam. Tapestry VC said these founders are working at the cutting edge of technology and have opted back into building new companies.
Fund III was backed by limited partners including Railpen, Molten Ventures, and new investor British Business Bank. Tapestry VC also thanked its founders, co-investors, and LPs for supporting the firm’s next phase.
The announcement also follows a broader expansion for the firm. Tapestry VC partner Patrick Murphy said he has moved to London and referenced the firm’s new office there.
Tapestry VC is led by partners Patrick Murphy, Audrey Miller, Robert Dobie, and David Kelly. The firm will continue backing founders building high-growth technology companies across its next fund.
KEY QUOTES:
“For the billion-dollar founders behind our portcos Nothing, Fin, Hopin and more, this success was their second-act, building on their expensive experience.”
Patrick Murphy, Partner at Tapestry VC
