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 (56% of deals). Average disclosed round size is $8.5M (across 16 rounds with reported amounts).
Portfolio
15
Fund Size
$37M
Top Stage
Series A
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
16 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Kernel | Unknown | $22M | Jan 2025 |
 Redi.Health | Series B | $14M | Feb 2024 |
 Bitewell | Seed | $4M | Jun 2023 |
 FRAYT | Series A | $7M | Jan 2023 |
 StoryFit | Series A | $5.5M | Oct 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 |
 Astronomer | Seed | $5.7M | Sep 2019 |
 Folio Photonics | Seed | $8M | May 2019 |
| DDoc Halo | Series A | $11M | Apr 2017 |
 StoryTap | Seed | $2.3M | — |
 FoodHealth | Series A | $7.5M | — |
| FFoodHealth Company | Series A | $7.5M | — |
Top Co-Investors
Bain Capital Ventures2 shared
Giant Ventures2 shared
SignalFire2 shared
Bloomberg Beta2 shared
Techstars2 shared
Ulu Ventures2 shared
Reach Capital2 shared
Antler2 shared
8VC1 shared
OurCrowd1 shared
Verizon Ventures1 shared
LG Technology Ventures1 shared
Seraphim Space1 shared
Capital One Ventures1 shared
Rev1 Ventures1 shared
Mutual Capital Partners1 shared
M251 shared
North Coast Ventures1 shared
BDMI1 shared
Last updated: 8 September 2026