Tapestry VC is a London and San Francisco-based seed venture firm founded in 2018 by Patrick Murphy, with audrey miller as co-founder and partner. The firm backs repeat founders, second-time and serial entrepreneurs building again after their first company, across Europe and North America, often before they have a product, co-founder, or company name. Tapestry has been ranked the number one VC in Europe and third in the world for backing seed and pre-seed companies that go on to raise exceptional Series A rounds from top-tier US firms.
Tapestry is sector-agnostic, backing repeat founders across software, AI, cybersecurity, fintech, autonomy, and deep tech at pre-seed and seed.
The firm's sourcing model is relationship-driven, building long-term connections with founders years before their next company launches, and its investment thesis is rooted in a belief that the most valuable founders are those who have already paid the tuition of a first company and are now building again with that knowledge.
Tapestry VC Fund III closed at $80M in July 2026, nearly three times the size of Fund II ($30M) and doubling firm AUM. The British Business Bank invested $40M as a new anchor LP.
Additional LPs include Molten Ventures, Railpen, and Sarah Friar (CFO of OpenAI). Fund III will back approximately 12 companies per year, with checks of up to $3M as lead or co-lead.
Leadership
Patrick Murphy is Co-Founder and Managing Partner, relocating from San Francisco to London to lead Fund III's European expansion.
audrey miller is Co-Founder and Partner, based in London, leading investment activity across the portfolio and overseeing operator engagement.
Robert Dobie is CFO and Partner, managing fund operations and LP relations across all three fund generations. David Kelly is Partner.
Investment Strategy
Tapestry writes checks of up to $3M at pre-seed and seed, leading or co-leading rounds alongside other early-stage investors.
The firm engages repeat founders long before they have a product or company, supporting them on product direction, hiring, fundraising strategy, and early go-to-market planning.
Murphy's relocation to London reflects an explicit bet on European repeat founder density, with the firm helping European-founded companies expand into the US rather than routing deal flow from San Francisco into Europe.
Notable Investments
Notable Exits
Patrick Murphy — Co-Founder & Managing Partner
pm@tapestry.vc
Audrey Miller — Co-Founder & Partner
Robert Dobie — CFO & Partner
robert@tapestry.vc
United Kingdom
