# Forge Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forge-industries

- Industry: Power & Utilities
- Headquarters: Las Vegas, US
- Website: www.forgeindustries.co/
- Total disclosed funding: $3.9M
- Latest round: Seed (Jul 8, 2026)
- Investors on record: 3

## About

Forge Industries is a US-based company focusing on converting waste into high-performance bio-fuels, aiming to replace traditional fossil fuels and promote cleaner industrial processes.

Founded in 2022 and headquartered in Las Vegas, US, by Chelsea Boyle(Founder & CEO)  Forge Industries specializes in creating alternative fuels from waste materials. In July 2026, Forge Industries raised USD 3.85 million in venture funding co-led by new investors Next Phase Capital and 8090 Industries, with participation from returning investor Golden Seeds.

Forge Industries specializes in the conversion of waste materials into high-performance bio-fuels aimed at reducing reliance on traditional fossil fuels like coal. The core product is a scalable fuel solution created through a proprietary process that transforms various types of waste, including low-density plastics, food waste, and rubber, into calorically dense alternative fuels. The primary customers are heavy industries, particularly cement and steel manufacturers, in North America and Europe, addressing the urgent need for cleaner industrial processes.

Forge Industries follows a B2B model, building long-term partnerships with heavy industrial clients to provide a steady supply of alternative fuels. Its revenue comes from contracted agreements centered on competitively priced, high-caloric fuels that work within existing fuel infrastructures. Transactions usually consist of bulk orders of bio-fuels made from accepted waste materials, delivering a reliable and environmentally responsible energy source.

Forge Industries will use the recent funding, In July 2026 to strengthen its production capacity and broaden its product offering. Upcoming launches are intended to reach a wider market, and the company also plans to expand into additional regions across North America and Europe by the end of 2024. The funding raised will support these efforts, including the development of new bio-fuel products and improvements in operational efficiency.

## Funding rounds

- Seed, Jul 8, 2026, $3.9M — Golden Seeds, 8090 Industries, Next Phase Capital

## Investors

- Golden Seeds (https://capitalatlas.ai/funds/golden-seeds) — Seed
- 8090 Industries (https://capitalatlas.ai/funds/8090-industries) — Seed
- Next Phase Capital — Seed