Investors / United States / Refinery Ventures
Refinery Ventures
Venture capital · Cincinnati, OH, United States · North America
Refinery Ventures is a venture capital firm that invests in early-scale technology companies with demonstrated product-market fit. It works with startups in emerging venture markets, providing mentorship and support to help founders scale.
Invests inEnterprise SoftwareHealthcare & BiotechE-commerce & Marketplaces
In its own wordsearly-scaleproduct-market fitemerging venture marketsmidwesttechnology
Your fit with Refinery Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsRefinery Ventures lists 14 checked portfolio companies on its own site and is named in 2 funding rounds. Its most frequent entry is Seed, 50% of the companies with a known first round. Its largest themes are Enterprise Software (19%), Healthcare & Biotech (19%) and E-commerce & Marketplaces (15%). 100% of its companies are based in United States. It invests most often alongside JobsOhio Ventures, M25 and Accel.
Counts come from funding rounds that name Refinery Ventures, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Refinery Ventures' whole history. Rounds on record name 2 companies; its own site lists 14. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 50% |
| Series A | 50% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 1 | 0 |
| '26 | 1 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 36th | 14 companies |
| Recent activity | 59th | 1 rounds in 12 months |
| Early stage | 73th | 50% of entries at pre-seed or seed |
| Evidence | 85th | 14% of companies confirmed by a round |
| Sector focus | 13th | 19% in its largest sector |
| Reach | 19th | 1 country |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Enterprise Software | 19% | 8% |
| Healthcare & Biotech | 19% | 15% |
| E-commerce & Marketplaces | 15% | 6% |
| AI & Machine Learning | 12% | 18% |
| Cybersecurity | 12% | 4% |
| Industrial & Manufacturing | 8% | 7% |
| Media & Entertainment | 8% | 4% |
| Mobility & Logistics | 4% | 1% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| JobsOhio Ventures | 3 |
| M25 | 2 |
| Accel | 1 |
| Airwing Ventures | 1 |
| AngelPad | 1 |
| Armory Square Ventures | 1 |
| Bain Capital Ventures | 1 |
| Bessemer Venture Partners | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers14100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with JobsOhio Ventures
Compare Refinery Ventures head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Refinery Ventures| Date | Company | Stage |
|---|---|---|
| 4 Jun 2026 | Series A | |
| 9 Oct 2025 | Seed |
Round details for Refinery Ventures
Amounts, full round histories and every co-investor in Refinery Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
14 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Astronomer provides a platform to run Apache Airflow for data and AI orchestration | AI & Machine LearningCybersecurity | Portfolio page | ||
| Champion helps businesses identify and utilize customer trust to generate revenue | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Folio Photonics develops data storage solutions | Enterprise SoftwareCybersecurity | Jun 2026Series A | Page + round | |
| Fooji provides software for running giveaways, sweepstakes, contests, and gifting, as well as e-commerce solutions. | E-commerce & MarketplacesEnterprise Software | Portfolio page | ||
| Frayt Technologies, Inc. provides last mile delivery services and technology to optimize delivery operations. | Industrial & ManufacturingE-commerce & Marketplaces | Portfolio page | ||
| The company provides browser infrastructure for web agents and automations | E-commerce & MarketplacesHealthcare & Biotech | Oct 2025Seed | Page + round | |
| Offload connects permit digitization, route planning, resource management, and dispatch execution for freight planning | Mobility & LogisticsEnterprise Software | Portfolio page | ||
| Livegistics provides a platform for real-time logistics intelligence and operations management for industries such as oil and gas, construction, and demolition. | Industrial & ManufacturingHealthcare & Biotech | Portfolio page | ||
| Picture Health unlocks the power of medical imaging with novel AI tools for precision oncology | Healthcare & Biotech | Portfolio page | ||
| Portal26 develops and provides an AI-first enterprise platform for managing and securing AI data and systems | AI & Machine LearningCybersecurity | Portfolio page | ||
| RedCircle operates a podcast advertising platform for brands and creators | Media & EntertainmentEducation | Portfolio page | ||
| Redi Health connects pharmaceutical manufacturers to patients and provides a platform for patient access and support in the life sciences industry | Healthcare & Biotech | Portfolio page | ||
| StoryTap provides a video platform for collecting and sharing authentic customer testimonials and stories | Media & EntertainmentEnterprise Software | Portfolio page | ||
| Torch provides a platform for independent dental practices to compare and order dental supplies from multiple vendors in one place. | Healthcare & BiotechE-commerce & Marketplaces | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- refinery.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 9 Oct 2025
- Companies checked
- 14
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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