Mode VC
Ohio

Refinery Ventures

Refinery Ventures, based in Ohio, backs generalist startups at Seed and Series A, mostly leading rounds with checks from $1 million to $10 million.

WebsitePortfolioPitch pageTeam page
Entry stageSeed, Series A
Check size$1M to $10M
Leads roundsYes
FocusGeneralist
Latest fund$38 (2024)$38 million Fund II; Fund III targeted $50 million (2024)
Investing team3 peopleNo activity since Sep

Who you would pitch at Refinery Ventures

3 people on the investing team, 1 of them partners who can make the call. Partners are listed first.

Tim Schigel
Tim SchigelManaging PartnerHe has been in venture capital since 1998 and previously managed Cintrifuse.
Peter Schmidt
Peter SchmidtPrincipalHe has a background in venture capital and private equity, with over $23 million invested.
Patrick Gilligan
Patrick GilliganAssociateHe previously worked at Fifth Third Bank as a Private Market Strategist and holds a mechanical engineering degree from Clemson University.

Work here and something is wrong? Ask for a correction.

Writes $1M to $10M checks. Its smallest check is larger than 83% of firms in the atlas.

Bars: how many firms in the atlas report each band. Highlighted: this firm.

No recent activity since September 2026. Quiet does not mean closed.

Weekly count of activity updates. Activity is not a confirmed deal.

Before you pitch

Ownership target7-10%
How to reach them[email protected]

Notable investments

AstronomerVantage RoboticsFolio PhotonicsRedi HealthRedCircle

In their words

Midwestern Venture Capital Firm | Refinery VenturesRefinery works with tech startup companies in emerging venture markets; providing the mentorship, resources, and venture capital support they need to build a successful brefinery.com
Founders and investors at a Mode VC gathering

Send Mode VC your deck

Raising a pre-seed or seed round? We write $1M to $5M first checks and help founders with distribution. A partner reads every deck.

Send your deck

Alert me when Refinery Ventures is active

One email when this firm shows new activity. Nothing else.

Firms like Refinery Ventures

Narya Capital$3M to $10M · active Sep 29
Tamarind Hill$1M to $10M
Bling Capital$1M to $10M · active Sep 23
Caffeinated Capital$1M to $10M · active Oct 8
Creandum$1M to $10M · active Oct 6
Crosslink Capital$1M to $10M · active Oct 14

On these lists

Seed investors in United States2836Series A investors in United States1790Seed investors in Ohio11Series A investors in Ohio9Seed investors3020Series A investors1867

Questions

What stage does Refinery Ventures invest in?

Refinery Ventures reports entry at seed, series a.

How much does Refinery Ventures invest?

Refinery Ventures reports checks of $1M to $10M.

Does Refinery Ventures lead rounds?

Yes. Refinery Ventures says it can lead.

Who are the partners at Refinery Ventures?

Tim Schigel (Managing Partner).

Is Refinery Ventures active right now?

No recent activity since September 2026.

Work at Refinery Ventures? Claim or correct this profile.