Refinery Ventures
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, 14 additional investments, funds and LPs, 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
- The X15 Leadership Expedition is a springboard to reach new heights and unlock your greatest potential as a founder.Why: Founder of the firmNo route on file yet
- on your role as founder or leaderWhy: Founder of the firmNo route on file yet
Relationship network
26 connected entities5 observed rounds2 repeat counterparties3 dated rounds shown here, 2022 to 2025
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
- Company
- 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: 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
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.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Astronomer | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Bitewell, Inc. | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Champion | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
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
- launch path · The X15 Leadership Expedition is a springboard to reach new heights and unlock your greatest potential as a founder.Why this person: Founder of the firm
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 · 5 deals attributed
- The X15 Leadership Expedition is a springboard to reach new heights and unlock your greatest potential as a founder.
- on your role as founder or leader
Contacts
1 published business email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
0 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.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
3 dated events, 26 observations from 2 sources
Timeline
- Feb 5, 2021Refinery Ventures first filed Form ADV (ERA, venture capital fund adviser exemption)
- Feb 5, 2021Refinery Ventures Fund I, LP first reported on Form ADV by Refinery Ventures (Venture Capital Fund), GAV $23,000,000
- Feb 5, 2021Refinery Ventures Fund II, LP first reported on Form ADV by Refinery Ventures (Venture Capital Fund)
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 27, 2024 · 2 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
- unknown
- Latest Form ADV
- Mar 27, 2024
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $84.4Madviserinfo.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 carried1 on recordShowHide
- Sep 12, 2026Institutional venture firm (probable, 70%)Venture manager with no reported fund assets yet (scale unknown)
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC adviser type | Exempt reporting adviser | Mar 27, 2024 | Fact | Form ADV |
| First Form ADV filing | 2021-02-05 | Mar 27, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-27 | Mar 27, 2024 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 27, 2024 | Fact | Form ADV |
| Business phone | Mar 27, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Description | Sep 30, 2026 | Fact | ||
| Headquarters | Cincinnati, OH | Mar 27, 2024 | Fact | Form ADV |
| Office address | Mar 27, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 30, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 27, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Private funds reported | 2 | Mar 27, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $84.4M | Mar 27, 2024 | Fact | Form ADV |
| Stated geography | Ohio, silicon valley “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | Healthcare, media “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Series a “stage words on the home page” | Sep 30, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Venture funds reported | 2 | Mar 27, 2024 | Fact | Form ADV |
| Website | Mar 27, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, probable · 2 filing advisers share this firmShowHide
Venture manager with no reported fund assets yet (scale unknown)
This firm files as 2 advisers on refinery.com: Refinery Ventures Management, LLC. 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: 0.28 · funds: 0 · people: 0.04 · investments: 0.5 · co investors: 0.31
- 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: 0 · reported gav: $84.4M · first adv filing: 2021-02-05 · years since first filing: 5.7
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 39confidence 90%Why: sector fit; geography fit; analogousWatch: adjacent portfolio
- score 39confidence 90%Why: sector fit; geography fit; analogousWatch: adjacent portfolio
- score 35confidence 90%Why: sector fit; geography fit; analogousWatch: adjacent portfolio
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Member rows moved to anchor2026-10-01
- Grouped with firm2026-09-12
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.
Not yet on record: latest vintage.