Fund

• London-based Tapestry VC has closed its third fund, securing $80 million to invest in experienced European entrepreneurs. • The firm is specifically targeting "repeat founders," betting that the current wave of AI-driven exits will create a new generation of seasoned leaders. • This strategic focus aims to leverage the expertise of founders who have previously scaled companies or navigated successful exits.

• Aligned has raised $60 million in a Series B funding round led by PeakSpan Capital, with participation from Hetz Ventures, JAL Ventures, and NFX. • This latest investment brings the company's total funding to date to $73.8 million. • The funds will be used to develop an AI-native collaborative dealmaking platform designed to streamline and organize the often chaotic process of B2B enterprise sales execution.

• Tapestry VC, a backer of Nothing and Hopin, has launched an $80 million Fund III specifically targeting repeat founders in Europe. • The fund launch follows the $3.6 billion acquisition of Fin by Salesforce, signaling a strategic shift toward the next generation of AI and SaaS companies. • This move comes as the market for AI customer-service agents becomes highly competitive, with rivals like Bret Taylor's Sierra reaching a $15.8 billion valuation.

• Global investors poured US$8.2 billion into bonds across Thailand, Indonesia, India, and Malaysia in June, marking a peak in inflows for over two years. • This surge in funding occurs despite ongoing market concerns regarding potential interest rate hikes from the U.S. Federal Reserve. • Investors are now awaiting upcoming inflation data from China, Taiwan, Thailand, and the Philippines to determine if price pressures are stabilizing.

• India is accelerating its technological infrastructure by prioritizing the development of AI chips and quantum computing capabilities. • In the startup and corporate sector, Brekfuz successfully raised new funding, while OpenClaw announced the launch of its AI agents. • Former President Donald Trump has officially reported earnings from cryptocurrency, highlighting the intersection of politics and digital assets.

• EU prosecutors conducted raids on Tuesday across France, Belgium, Spain, and Italy to investigate the potential embezzlement of European Union funds. • The probe focuses on the former Identity and Democracy (ID) right-wing political bloc, which is suspected of misappropriating approximately $5 million. • This action marks a significant judicial advance in tracking the misuse of public funds by a group that was disbanded in 2024 and replaced by the Patriots for Europe.

• European Union Allowance (EUA) prices have dropped significantly, falling from approximately €90/tCO2e in January to below €65/tCO2e by March. • This price decline is primarily driven by market uncertainty surrounding the upcoming reform of the EU Emissions Trading System (EU ETS). • The volatility matters for fund managers as it impacts the cost of carbon permits that companies must hold to cover their CO₂ emissions.