
London-based Tapestry VC has closed an $80 million third fund aimed at investing in repeat founders across Europe. The firm plans to support around 30 companies at the pre-seed or seed stage, with investment sizes ranging from $1 million to $3 million. Tapestry VC emphasizes the value of experienced entrepreneurs, who have already created over $2 trillion in enterprise value in Europe. The fund's investors include the British Business Bank and OpenAI's CFO, Sarah Friar, highlighting strong confidence in Europe's startup potential.
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