REFINERY VENTURES MANAGEMENT, LLC
REFINERY VENTURES MANAGEMENT, LLC is a Pre-seed, Seed and Series A fund in the US, Midwest and Canada writing $100K–$5M checks into AI, Consumer, Enterprise, Healthcare, human-capital, hr-tech, leadership-development, talent-platforms, media, marketing, enterprise-applications and high-tech.
- Stages
- Pre-seed, Seed, Series A
- Sectors
- AI, Consumer, Enterprise, Healthcare, human-capital, hr-tech, leadership-development, talent-platforms, media, marketing, enterprise-applications, high-tech
- Check size
- $100K–$5M
- Invests in
- US-wide, Midwest, Canada
- Actively investing
- Yes
- Founded
- 2017
- Assets under management
- $90M
- Website
- refinery.com
Thesis
Refinery Ventures is a venture capital firm founded in 2017 and headquartered in Cincinnati, Ohio. The firm specializes in investing in early-stage technology companies that have demonstrated product-market fit and are on a trajectory towards Series A funding. Refinery Ventures emphasizes a hands-on approach, providing not only capital but also strategic mentorship and operational guidance to help founders navigate the challenges of scaling their businesses. They target companies nearing $1 million in revenue with the potential to triple revenue in the next 12 months. Their geographic scope is primarily North America, with a strong focus on the United States, particularly the Midwest, but they are open to opportunities outside the Midwest and have also invested in Canada. Refinery Ventures leads rounds and acts as a co-investor, emphasizing an operator-first approach. As of January 2022, Fund II closed at $36 million, and Fund III had a $50 million target filed in November 2024, with total committed capital across the platform being roughly $90 million. Their typical check size ranges from $100,000 to $5 million, with a sweet spot around $1.5 million.
Common questions
Does REFINERY VENTURES MANAGEMENT, LLC invest at the Pre-seed stage?
Yes. REFINERY VENTURES MANAGEMENT, LLC lists Pre-seed, Seed and Series A among the stages it invests in.
What check size does REFINERY VENTURES MANAGEMENT, LLC write?
REFINERY VENTURES MANAGEMENT, LLC writes $100K–$5M checks.
Where does REFINERY VENTURES MANAGEMENT, LLC invest?
REFINERY VENTURES MANAGEMENT, LLC invests in the US, Midwest and Canada.