Menu

Refinery Ventures closes second fund at $37 million

Refinery Ventures, a Cincinnati area venture firm, officially closed its Fund II in December at nearly $37 million, slightly above its initial target of $35 million and more than double Refinery’s inaugural $15 million Fund I that closed in 2018.

According to this article from Cincy Inno, the firm’s sweet spot is post-seed start-ups in enterprise Software-as-a-Service fields like information technology, human capital, digital health, and media and marketing. Refinery also plans to make larger first-check commitments (between $2 million to $3 million) with Fund II.

Stay connected with us on Twitter and LinkedIn. Article ideas and other suggestions should be sent to tballard@pyapc.com. Include the name and contact information (phone and email) for follow-up.