# Refinery Ventures

Refinery Ventures is a Venture Capital based in Cincinnati, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Cincinnati, United States
- **Region:** North America
- **Address:** Cincinnati, OH, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** www.refinery.com
- **LinkedIn:** https://www.linkedin.com/company/refinery-ventures

## Regulatory record

- **CRD number:** 330622
- **SEC file number:** 802-130043
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/330622

## About

Refinery is a Midwestern venture capital firm that invests in companies on a trajectory towards Series A. It provides venture capital investment and support during critical stages of growth, including Series A funding. The firm has helped companies across healthcare, human capital, media, and marketing.

## Sectors

- Healthcare Services
- Enterprise Software
- Media & Entertainment
- FinTech

## People

- Tim Schigel — Managing Partner

## Questions

### Who runs investment decisions at Refinery Ventures?

Tim Schigel leads the firm as Managing Partner. The investment team is small, comprising a Principal, an Associate, and a Director of Operations under his direction. The precise governance structure for final investment committee approval has not been publicly detailed, though Schigel’s role as serial entrepreneur and prior venture investor at firms such as Allos Ventures positions him as the central decision-maker.

### How does Refinery Ventures source proprietary deal flow?

Refinery explicitly targets founders in 'emerging venture markets' — geographies where venture capital density is lower than coastal hubs. Its primary sourcing advantage comes from Schigel’s established network in the Midwest and the firm’s content strategy, particularly the Fast Frontiers podcast, which surfaces non-obvious companies. The firm also relies on referrals from its extended bench of serial entrepreneur-advisors.

### Is Refinery Ventures a generalist fund or does it focus on specific sectors?

Refinery does not describe itself as a generalist firm. It concentrates on early-scale technology companies in healthcare, human capital, media, and marketing. Within those verticals, it looks for teams with unique, contrarian insights into complex industry problems and a demonstrated ability to generate consistent revenue before scaling.

### What investment stage does Refinery Ventures target?

The firm invests in companies that have achieved product-market fit and are on a trajectory toward a Series A round. This 'early-scale' focus is distinct from seed-stage investing — Refinery looks for a consistent revenue stream and early customer validation before committing capital. It then supports the operational transition from founder-led sales to a repeatable go-to-market engine.

## Related profiles

- [Refined Wealth Management](https://altss.com/profile/refined-wealth-management)
- [Reflection Asset Management](https://altss.com/profile/reflection-asset-management)

---

Last updated: 2026-08-11T15:07:57.118Z

Canonical page: https://altss.com/profile/refinery-ventures

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology