At the EUVC Summit 2025, the award for Emerging Manager of the Year went to a team that has carved its place in Europe’s venture ecosystem with grit, heart, and vision: Tapestry Venture.
Founding Partners Patrick Murphy, Audrey Miller, David Kelly, and Alex McKenzie were celebrated for their relentless effort to build something new—not just for themselves, but for founders and LPs across the continent.
Not Just Another Fund. Not Just Another Story.
Tapestry isn’t simply adding capital to the market. They’re challenging the established players in Luxembourg’s fund admin industry, pushing through barriers that often make it hard for emerging managers to break in.
Patrick Murphy took the stage to accept the award, on behalf of his partners:
“It’s amazing to be able to work with people I like so much every day for the last five years. At least now we’re all back in person—because it wasn’t so fun on Zoom.”
From Ireland to Venture
Patrick’s journey into venture wasn’t planned.
“I grew up in Ireland building computers and websites. I didn’t know venture capital was even a thing—that people could believe in your dreams and then give you money to do something about them. It’s pretty wild. I’m glad venture found me.”
That spirit—of discovery, belief, and persistence—is what defines Tapestry.
In Service to Founders
If there was one theme in Patrick’s words, it was service.
“To be in venture is to be in service,” he said. “There’s no exam, no syllabus, no license for board members—though I wish there was. There’s no ombudsman, no complaint line for founders. So it’s up to us to raise our own standards. To be in service to the great founders who want to change Europe and change the world.”
That vision is backed by their LPs and by a belief that the ecosystem thrives not through competition alone, but through collaboration—co-investors and friends lifting each other up.
Leadership That Raises the Bar
For Tapestry Venture, winning Emerging Manager of the Year is less about the trophy and more about the mandate:
To challenge entrenched structures
To empower founders head-on
To raise the standards of venture itself
Congratulations to Patrick Murphy, Audrey Miller, David Kelly, and Alex McKenzie of Tapestry Venture—Emerging Manager of the Year.
Because in their words: “We’re all winners in this ecosystem. And we’re going to be here for a long time.”
