$50m VC fund rebrands to avoid name row with Web Summit

The Semble Fund II is now known as Tapestry following a dispute with Paddy Cosgrave over rights to the name

Paddy Cosgrave, the chief executive of Web Summit, is currently suing Kelly in Ireland over alleged breach of fiduciary duties. Picture: Getty

A $50 million venture capital fund embroiled in an ongoing lawsuit taken by Paddy Cosgrave has rebranded in a bid to avoid a dispute with the Web Summit over its name.

Tapestry, which was started by David Kelly, a Web Summit co-founder, and Patrick Murphy, a fund manager, launched a website under its new name this year, listing 24 companies it states it has invested in including Manna, the Irish drone delivery firm, and Hopin, ...