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