VC firm

Refinery Ventures

Kingmaker Tier

Kingmaker Tier: 83 out of 100

Also known as Refinery Management, LLC, Refinery Venture Fund I, L.P., Refinery Venture Fund II, L.P., Refinery Venture Fund III, L.P.

Generalist (firms only)
Seed
Series A
VC
B2B

Investor type: VC
Investing status: Activeas of 2026-09-18Source (opens in a new tab)
Headquarters: Cincinnati, OH, United States
Assets under management: $54.7MForm ADV private fund GAV, as of 2026-03-27Source (opens in a new tab)
Latest fund size: $32MForm ADV gross asset value, as of 2020Source (opens in a new tab)
Funds: 5
Legal name: REFINERY VENTURES MANAGEMENT, LLC

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Record updated 29 September 2026

About

Refinery is a venture capital firm that invests in companies on a trajectory towards Series A.

Investment approach

Thesis: We invest in early-scale tech companies with demonstrated product-market fit.Source (opens in a new tab)
Eligibility: We serve exceptional leaders with the right stuff and early-scale technology companies with demonstrated product-market fit.
Traction requirement: with demonstrated product-market fit
Investing status notes: We’re always looking for the next opportunity to invest in the future of businesses.

Funds

Refinery Venture Fund III, L.P.: Vintage 2024Main fund
Refinery Venture Fund II, L.P.: Vintage 2020Main fund
Refinery Venture Fund I, L.P.: $10.7MVintage 2016, Main fund, SEC amount sold
Refinery Management, LLC: $3MVintage 2016, Main fund, SEC amount sold
REFINERY VENTURE FUND III, L.P.: Main fund

SEC registration

Registered adviser: REFINERY VENTURES MANAGEMENT, LLC
CRD number: 330622 (opens in a new tab)
SEC file number: 802-130043
Registration: Exempt reporting adviser
Regulatory AUM: $54.7Mas of 2026-03-27
Private funds reported: 3
Principal office: CINCINNATI, OH, United States
SEC CIK: 1693282, 1717374, 1843156

Locations

Office: Cincinnati, OH, United States

Programs

Newsletter: Talent Roadmap Newsletter (opens in a new tab)
Other: X15 Leadership Expedition (opens in a new tab)A three month leadership development experience with 4-6 peers preparing to embark on their next journey.
Podcast: Fast Frontiers Podcast (opens in a new tab)