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Refinery Ventures

1434 Vine Street, Cincinnati, OH, 45202, United States

Overview

Early-stage venture firm investing in tech and digital health sectors.

Founded

2017

Deals ยท 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Canada
Poland
United States

Sector focus

Information Technology
Venture Capital

Investment portfolio

17rounds
NAMEDATESIZE
Folio Photonics
Jun 2026Participated
$8 MSeries A
bitewell
May 2025Participated
$8 MSeries A
Redi.Health
Feb 2024Participated
$14 MSeries B
bitewell
Jun 2023Led
$4 MSeed
FRAYT
Apr 2023Led
$7 MSeries A
StoryFit
Oct 2022Led
$6 MSeries A
Livegistics
Apr 2022Led
$6 MSeed
Titaniam
Feb 2022Led
$6 MSeed
RedCircle
Sep 2021Led
$6 MSeries A
Edgybees
Feb 2021Participated
$10 MSeries A
TealBook
Jan 2021Participated
$14 MSeries A
TealBook
Jan 2020Led
$5 MSeed
Folio Photonics
Jun 2026Participated
$8 MSeries A
bitewell
May 2025Participated
$8 MSeries A
Redi.Health
Feb 2024Participated
$14 MSeries B
bitewell
Jun 2023Led
$4 MSeed
FRAYT
Apr 2023Led
$7 MSeries A
StoryFit
Oct 2022Led
$6 MSeries A
Livegistics
Apr 2022Led
$6 MSeed
Titaniam
Feb 2022Led
$6 MSeed
RedCircle
Sep 2021Led
$6 MSeries A
Edgybees
Feb 2021Participated
$10 MSeries A
TealBook
Jan 2021Participated
$14 MSeries A
TealBook
Jan 2020Led
$5 MSeed
17
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Insights

Time horizon

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Deal Distribution

Refinery Ventures: 17 funding rounds are recorded in the selected participation categories.All available history.
Refinery Ventures: 17 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed51
Series A35
Series B01
Other Equity02

Monthly Deal Activity

Refinery Ventures: 17 deals are recorded across 115 months.All available history.
Refinery Ventures: 17 deals are recorded across 115 months. All available history
MonthDeals
Apr '171
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '182
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '201
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '211
Feb '211
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '221
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Refinery Ventures: Enterprise Software is the largest displayed sector by deal count (5 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Refinery Ventures: Enterprise Software is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Enterprise Software5
AI & Machine Learning5
Transportation & Logistics4
Hardware & Robotics4
Health & Life Sciences4
Networks, Cloud & Communication3
Food & Agriculture2
Cybersecurity & Privacy1
AR/VR1
Real Estate & Construction1
Data, Analytics & IT1
Space & Frontier Tech1
Marketing & Advertising1
Media & Entertainment1
Professional Services1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

Refinery Ventures: 17 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Refinery Ventures: 17 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M11
$10M-$25M3
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Refinery Ventures: United States has the largest recorded deal count among the displayed regions (14 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Refinery Ventures: United States has the largest recorded deal count among the displayed regions (14 deals). All available history
RegionDeals
United States14
Canada2
Europe1
Refinery Ventures: 20 co-investors are shown, with Grand Ventures sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Refinery Ventures: 20 co-investors are shown, with Grand Ventures sharing 5 recorded deals. All available history
Co-investorShared deals
Grand Ventures5
Bain Capital Ventures2
BDC Capital2
Mudita Venture Partners2
Pavey Investments2
Revolution2
StandUp Ventures2
Workday Ventures2
8VC1
Alumni Ventures1
Antler1
Bertelsmann1
Bertelsmann Digital Media Investments1
Black Ops VC1
Bloomberg Beta1
Blue Heron Capital1
Capital Midwest Fund1
Capital One Ventures1
CincyTech1
Collective Capital Ventures1

Investment Strategy

Refinery Ventures: Led accounts for 47% and participating for 53% of round participation.All available history.
Refinery Ventures: Led accounts for 47% and participating for 53% of round participation. All available history
CategoryDeals (count)Share (%)
Led847%
Participating953%
Refinery Ventures: Single-lead accounts for 63% and co-led for 38% of lead dynamics.All available history.
Refinery Ventures: Single-lead accounts for 63% and co-led for 38% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead563%
Co-led338%

Team

Adam Swick

Principal

Dale Fuller

Venture Partner

Tim Schigel

Managing Partner