Patrick Murphy, Partner at Tapestry VC: Backing the repeat founders behind Europe's unicorns

Tapestry VC backs repeat founders who are already building their second or third company. Around 60% of Europe's new unicorns in the past couple of years have come from exactly that group, and Tapestry just closed an $80m third fund to keep backing them.

Patrick Murphy is a Partner at Tapestry VC. Seven of the roughly 70 investments he's made in his career have grown into $100m+ revenue companies, a track record few investors can match.

The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk

Sponsors:

Chargebee: https://www.chargebee.com/events/beelieve/london/2026

SurrealDB: https://surrealdb.com/

Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope

Lovable: https://lovable.dev/

Timestamps:

0:00 - Introduction
0:04 - Tapestry VC's new $80m third fund
0:24 - Why Tapestry backs repeat founders
2:01 - Inside Tapestry's portfolio
6:44 - Patrick's move back to London
9:02 - The psychology of investing in repeat founders
12:45 - What Patrick's most successful investments have in common
15:38 - British Business Bank as Tapestry's anchor investor
17:48 - Competition among European VCs
20:44 - Why US LPs are reshaping European venture
23:07 - Europe's growing exit market