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Refinery Ventures

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

Overview

Refinery Ventures is an early-stage venture firm that focuses on investing in information technology, digital health, and human capital technology sectors. The firm invests in early scale companies by bridging the gap and mentoring its teams between post-seed and Series A funding. Refinery Ventures was established in 2017 and is based in Cincinnati, Ohio.

Total investments
18
Lead investments
8
Investments · 12mo
1
Active investors
3

Sector focus

  • Information Technology
  • Venture Capital
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Investment portfolio

  • Folio Photonics

    Participated · Series A · Jun 2026

    Folio Photonics designs multilayer optical discs that store data as fluorescent signals in a nanophotonic optical medium, producing WORM (write-once, read-many) discs with expected lifetimes of 50–100 years. Its discs can contain up to 32 layers with an estimated storage cost from $3 per terabyte; first-generation discs hold about 1–2 TB each and multiple discs can be housed in a single cartridge. The company has patented its core technology, built an alpha optical drive in 2024 and a second-generation beta last year, and hired an engineering manager three years ago to advance drive development. Folio plans commercial launch in 2027 and aims for integration with existing manufacturing ecosystems to speed adoption. The company positions its product as an archival and “knowledge layer” for AI-era data preservation and cites a forecasted archive market exceeding $12 billion by 2028. Financially, Folio has completed multiple funding events including a 2019 $8M seed round and a recent Series A of $8M, and intends to use new proceeds to scale engineering, operations, partnerships and manufacturing readiness.

  • bitewell

    Participated · Series A · May 2025

    FoodHealth Company, formerly bitewell, offers a nutrition intelligence platform centered on its FoodHealth Score, a 1–100 rating that evaluates nutrient density and ingredient quality. The Score was developed by data scientists and dietitians and is FoodMed Certified to drive positive health outcomes. The company embeds the Score across retail channels—already live across The Kroger Co. banners including Ralphs, Harris Teeter, and King Soopers—and plans further rollouts to additional major retail chains. FoodHealth Co. aims to license its scoring system across the food ecosystem and bring the Score to supermarkets, restaurant menus, and school cafeterias. The rebrand and a new headquarters in San Francisco reflect a shift toward being the backbone of the food-as-health movement and positioning at the intersection of health systems, retail innovation, and tech. With over $20 million raised to date, the company is scaling its product and commercial partnerships to accelerate adoption. bitewell operates a healthy food marketplace that works directly with employers to deliver food health benefits aimed at reducing insurance premiums and improving users' health. The platform uses a FoodHealth Score (0–10, with a grey/red/yellow/green system) that scores every food purchase and aggregates purchases to show whether a user's diet is net-accretive or net-dilutive to health. The company was co-founded by Samantha Citro Alexander and Chris Fanucchi and is headquartered in Denver, CO. bitewell raised USD4M in Seed funding to support its growth. The company plans to use the proceeds to hire executive leadership, nationally scale its sales division, fund research with academic institutions, and build out more advanced technology and data infrastructure for the brand. No operating metrics (revenue/users) were disclosed in the article.

  • Redi.Health

    Participated · Series B · Feb 2024

    Redi Health operates a mobile and web platform that integrates health management technology with pharmaceutical manufacturer support to connect Pharma, Providers, and Patients on a single platform. The platform provides medication reminders, symptom management, educational resources, and real-time information exchange. Redi positions its product as a solution to high non-adherence rates (approximately 70%) that contribute to substantial industry losses. The company said it will use the new capital to foster innovation, develop and launch new products, further expand its patient network, and accelerate growth. Management framed the funding as a way to improve patient health outcomes and make comprehensive care accessible to millions across the country. Redi.Health is a Columbus, OH-based provider of a health management technology platform that helps patients with chronic conditions understand, manage, and track their total health. Its platform combines health management technology with pharmaceutical manufacturer support and includes a mobile app that lets patients manage multiple medications, symptoms, diet, and exercise. The company has signed partnerships with GoodRx and ScriptDrop and is collaborating with Labcorp to integrate Labcorp Drug Development Patient Access Solutions into its digital support platform. Led by CEO Luke Buchanan, Redi.Health plans to use growth funding to expand its business reach and accelerate product and patient-outcome advancements in 2023. The article reports the company secured growth funding of an undisclosed amount and does not disclose operating metrics or further financial details. Redi.Health builds a health management platform for polychronic patients, combining daily health-management tools, connections to pharmaceutical manufacturer support, and AI-driven health literacy. The product is designed to improve medication adherence and overall quality of life for patients with three or more chronic conditions. Redi.Health provides a single, patient-centric pathway for pharma companies, hubs, and specialty pharmacies to support and engage patients digitally. The company emphasizes simplified tools and novel connectivity to resources patients otherwise might not access. Founded in 2021 and based in Columbus, Ohio, Redi.Health plans to accelerate commercialization and broaden availability of its platform.

  • FRAYT

    Led · Series A · Apr 2023

    Frayt provides a delivery and logistics technology platform that connects shippers with professional drivers through a web platform, mobile app, and API. Its on-demand SaaS marketplace allows businesses to request scheduled or same-day deliveries and tracks shipments in real time from pickup to drop-off. The company reports over 12,000 drivers across 50+ markets and more than 300 customers, including Bridgestone, Sherwin-Williams, The Tile Shop, and Cargill. Led by CEO Luke Denny, Frayt intends to use new capital to drive product innovation, support rapid market expansion, and grow its team. The platform emphasizes rapid driver matching and end-to-end visibility to enable professional, on-demand shipping. Frayt is based in Cincinnati, Ohio.

  • StoryFit

    Led · Series A · Oct 2022

    StoryFit delivers AI-powered Story Science across a story’s lifecycle, from acquisition and creative development through production greenlight and marketing and distribution. The company uses machine learning to measure over 100,000 key features and compare titles to thousands of other scripts or books to generate actionable audience and creative insights. StoryFit serves the entertainment and publishing industries with solutions designed to inform creative decisions and marketing. Led by CEO Monica Landers with COO Marc Evans, Head of Growth and Revenue Kymn Goldstein, and Andy Terrel, PhD., the company emphasizes technical and industry expertise. StoryFit raised a $5.5M Series A to expand client solutions and execute a hiring strategy focused on machine learning, marketing and sales. The firm is based in Austin, TX. StoryFit offers a data-driven platform that applies artificial intelligence to content, measuring more than 100,000 features and comparing works to thousands of other books or scripts to generate actionable insights. The platform is designed to inform decision making across a story’s lifecycle, from acquisition and creative development through production greenlight and marketing and distribution. Led by founder and CEO Monica Landers, COO Rudy Prince and CTO Mark Bessen, the company targets publishers and entertainment companies seeking predictive content analytics. StoryFit raised new funding to accelerate product development and hires. The company plans to use the funds to advance content-based analytics, including predictive technology, audience identification and analysis of industry trends.

Team

  • Tim Schigel

    Managing Partner

    LinkedIn
  • Adam Swick

    Principal

  • Dale Fuller

    Venture Partner

    LinkedIn