Tapestry VC has launched an $80m fund focused on backing repeat founders across European technology companies. The California-based venture firm is doubling down on what it calls the 'repeat founder flywheel' strategy, targeting entrepreneurs who have previously built and exited startups. This approach leverages founders' track records and network effects to accelerate new ventures.

The fund specifically targets founders with prior exit experience, believing they can build companies more efficiently and with better outcomes. European tech has seen significant growth in recent years, with several major exits creating a pool of experienced entrepreneurs ready to launch their next ventures. Tapestry VC aims to capitalize on this emerging talent pool.

Market conditions suggest strong opportunity, with European startups attracting increased investor attention and valuations remaining attractive relative to other regions. The fund's launch reflects growing confidence in the European ecosystem's maturation.

This $80m commitment signals institutional investors recognize the value of experienced founders in driving superior returns, potentially reshaping how venture capital allocates capital across the continent.