Refinery Ventures is an early-stage venture capital firm based in Cincinnati, Ohio, investing in technology companies in emerging venture markets that have demonstrated product-market fit and are on a trajectory toward Series A. The firm closed its second fund at $37 million in 2022.
Their most common stage is series-a (48% of deals). Average disclosed round size is $11.8M (across 21 rounds with reported amounts).
Portfolio
18
Fund Size
$37M
Top Stage
Series A
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
21 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Kernel | Unknown | $22M | Jan 2025 |
 Kernel | Unknown | $22M | Jan 2025 |
 Redi Health | Series B | $14M | Feb 2024 |
 Bitewell | Seed | $4M | Jun 2023 |
 Frayt Technologies, Inc. | Series A | $7M | Jan 2023 |
 StoryFit | Series A | $5.5M | Oct 2022 |
 Livegistics | Seed | $6M | Apr 2022 |
 Titaniam | Seed | $6M | Feb 2022 |
 RedCircle | Series A | $6M | Sep 2021 |
 Edgybees | Series A | $9.5M | Feb 2021 |
 TealBook | Series A | $14.4M | Jan 2021 |
| RedCircle | Series A | $6M | Jan 2021 |
 Kernel | Series C | $53M | Jul 2020 |
 Astronomer | Seed | $5.7M | Sep 2019 |
 Folio Photonics | Seed | $8M | May 2019 |
 Doc Halo | Series A | $11M | Apr 2017 |
 StoryTap | Seed | $2.3M | — |
 FoodHealth | Series A | $7.5M | — |
| Bitewell | Series A | $7.5M | — |
 KERNEL | Unknown | $22M | — |
| Folio Photonics | Series A | $8M | — |
Top Co-Investors
Cintrifuse4 shared
Accel4 shared
Y Combinator4 shared
Vercel4 shared
SV Angel4 shared
Capital One Ventures2 shared
BDMI2 shared
Service Provider Capital2 shared
Bain Capital Ventures2 shared
Giant Ventures2 shared
SignalFire2 shared
Bloomberg Beta2 shared
JobsOhio2 shared
Techstars2 shared
Ulu Ventures2 shared
Reach Capital2 shared
Antler2 shared
8VC1 shared
OurCrowd1 shared
Verizon Ventures1 shared
Last updated: 20 October 2026