Nothing-backer Tapestry VC raises $80M fund, opens London office

The backer of smartphone disruptor Nothing has raised an $80m fund, nearly three times bigger than its predecessor, as it looks to invest in repeat founders across both sides of the Atlantic, which it says are enjoying a boom. The London and San Francisco-based Tapestry VC , founded in 2018, typically invests in immigrant founders. Its new $80m Fund III has drawn in a $40m investment from new investor, the British Business Bank.