Refinery Ventures

Type

Venture Capital

Status

Active

Location

Cincinnati, United States

Total investments

20

Average round size

8M

Portfolio companies

16

Rounds per year

2.86

Lead investments

4

Follow on index

0.20

Exits

1

Stages of investment
Early Stage Venture
Areas of investment
Supply Chain ManagementSoftwareAnalyticsArtificial IntelligenceMachine LearningHealth CareSaaSData IntegrationCloud ComputingProcurement

Summary

Refinery Ventures appeared to be the VC, which was created in 2017. The leading representative office of defined VC is situated in the Cincinnati. The venture was found in North America in United States.

The current fund was established by Tim Schigel. The overall number of key employees were 3.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the Refinery Ventures, startups are often financed by M25, Connetic Ventures, Router Ventures. The meaningful sponsors for the fund in investment in the same round are Grand Ventures, Bain Capital Ventures, Wireframe Ventures. In the next rounds fund is usually obtained by Y Combinator, West, South Carolina Research Authority.

Considering the real fund results, this VC is 30 percentage points more often commits exit comparing to other organizations. This Refinery Ventures works on 12 percentage points less the average amount of lead investments comparing to the other organizations. The top activity for fund was in 2019. The fund is constantly included in 2-6 investment rounds annually. The common things for fund are deals in the range of 5 - 10 millions dollars. The top amount of exits for fund were in 2019.

Among the most successful fund investment fields, there are Cloud Computing, Software. Among the most popular portfolio startups of the fund, we may highlight Fooji, ENGAGE Talent, Torch Leadership Labs. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little.

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Investor highlights

Industry focus
HealthcareFuture of WorkMedia/ContentMartech/Adtech
Stage focus
SeedSeries A

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Investments analytics

Last fund

Fund size
USD 37000000
Fund raised date
2022-01-04

Analytics

Total investments
20
Lead investments
4
Exits
1
Rounds per year
2.86
Follow on index
0.20
Investments by industry
  • Software (6)
  • Artificial Intelligence (5)
  • SaaS (4)
  • Machine Learning (4)
  • Procurement (3)
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Investments by region
  • United States (17)
  • Canada (3)
Peak activity year
2021

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Quantitative data

Avg. startup age at the time of investment
6
Avg. valuation at time of investment
2M
Group Appearance index
1.00
Avg. company exit year
5

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Astronomer 18 May 2020 Analytics, Enterprise Software, Big Data, Data Integration, Cloud Computing Early Stage Venture 13M United States, Ohio, Cincinnati
Redi.Health 31 Aug 2022 Health Care, B2C Early Stage Venture 3M United States, Ohio, Columbus
Viceversa 08 May 2023 Financial Services, FinTech, Finance Early Stage Venture 11M Lombardy, Milan, Italy

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