Refinery Ventures Management, LLC
Refinery works with tech startup companies in emerging venture markets; providing the mentorship, resources, and venture capital support they need to build a successful business.
In the firm's own words, from its website.
3 additional co-investors and affiliates, 2 verified contacts (1 published business email, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 dealswith Material Impact Management
Invests most often alongside Material Impact Management (2 shared deals).
pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
Relationship network
9 connected entities
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Refinery Ventures Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Refinery Ventures Management, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
17 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.Stated thesis versus observed behaviour
- Sectors
- healthcare, media
- Stages
- series a
- Geography
- ohio, silicon valley
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
3 current, 0 departed
Decision makers
- Timothy Schigel · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Partner
Contacts
1 published business email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
3 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Refinery Ventures Fund I, LP | Fund | 2017 form d first sale | Harvest | $13.2M Mar 27, 2026 | 41 | $10.7M of $100M | Sep 22, 2017 |
| Refinery Ventures Fund II, LP | Fund | unknown | Unknown | $32.0M Mar 27, 2026 | 59 | $0 of $35.0M | Feb 4, 2021 |
| Refinery Venture Fund III, L.P. | Fund | unknown | Unknown | $9.4M Mar 27, 2026 | 12 | $0 of $50.0M | Nov 18, 2024 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
6 co-investors
Co-investors
- 2026-09-302 shared deals · recurring
- 2026-10-011 shared deal · one time
- 2026-10-011 shared deal · one time
Evidence and history
2 dated events, 59 observations from 4 sources
Timeline
- Mar 27, 2026Refinery Venture Fund III, L.P. first reported on Form ADV by Refinery Ventures Management, LLC (Venture Capital Fund), GAV $9,407,993
- Mar 27, 2024Refinery Ventures Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 27, 2026 · 3 private fundsShowHide
- Headquarters
- Cincinnati, OHadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- refinery.com
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 27, 2026
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $54.7Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $55M across 3 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $70M across 3 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $70M across 2 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 27, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 27, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2024 | Fact | Form ADV |
| First Form ADV filing | 2024-03-27 | Mar 27, 2026 | Fact | Form ADV |
| First Form ADV filing | 2024-03-27 | Mar 27, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-27 | Mar 27, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 27, 2026 | Fact | Form ADV |
| SEC status effective | 2024-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 27, 2024 | Fact | Form ADV |
| Business phone | Mar 27, 2026 | Fact | Form ADV | |
| Business phone | Mar 27, 2024 | Fact | Form ADV | |
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 12, 2026 | Fact | ||
| Headquarters | Cincinnati, OH | Mar 27, 2026 | Fact | Form ADV |
| Headquarters | Cincinnati, OH | Mar 27, 2024 | Fact | Form ADV |
| Office address | Mar 27, 2026 | Fact | Form ADV | |
| Office address | Mar 27, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 12, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 27, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 27, 2024 | Fact | Form ADV |
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 12, 2026 | Fact | ||
| Private funds reported | 3 | Mar 27, 2026 | Fact | Form ADV |
| Private funds reported | 3 | Mar 27, 2026 | Fact | Form ADV |
| Private funds reported | 2 | Mar 27, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $54.7M | Mar 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $54.7M | Mar 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $69.8M | Mar 27, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 27, 2026 | Fact | Form ADV |
| Stated geography | Ohio, silicon valley “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Ohio, silicon valley “geography words on the home page” | Sep 12, 2026 | Fact | |
| Stated sectors | Healthcare, media “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | Healthcare, media “sector words on the home page” | Sep 12, 2026 | Fact | |
| Stated stages | Series a “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Series a “stage words on the home page” | Sep 12, 2026 | Fact | |
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 12, 2026 | Fact | ||
| Venture funds reported | 3 | Mar 27, 2026 | Fact | Form ADV |
| Venture funds reported | 3 | Mar 27, 2026 | Fact | Form ADV |
| Venture funds reported | 2 | Mar 27, 2024 | Fact | Form ADV |
| Website | Mar 27, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 12, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmed · 2 filing advisers share this firmShowHide
Venture manager, reported GAV $55M across 3 vehicles
One of 2 advisers that share refinery.com; the firm is Refinery Ventures. Refinery Ventures. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
- importance
- gav: 0.22 · funds: 0.25 · people: 0.04 · investments: 0 · co investors: 0
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
- emerging manager
- fund count: 3 · reported gav: $54.7M · first adv filing: 2024-03-27 · years since first filing: 2.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Grouped with firm2026-09-30
- Adviser's first ADV filing2024-03-27source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.