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Forge Industries Raises $3.9M Funding

Recently funded · $3.9M UnknownManufacturingView source

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The global waste crisis is attracting new capital, with Forge Industries recently securing $3.9M in funding to convert refuse into cleaner, high-performance fuels. The investment, backed by Next Phase Capital and 8090 Industries, signals confidence in the company's approach to tackling a pressing environmental challenge.

Forge Industries aims to transform what it calls "scalable solutions hiding in plain sight" into the future of industrial power. The company emphasizes that the future of industry won't be powered by promises, but by tangible, cleaner energy derived from overlooked resources, moving beyond mere rhetoric to deliver concrete output from waste.

From the source

Jesse · Jul 8, 2026

Waste has always been treated like the end of the story. Forge Industries is building a business around the idea that it can become the beginning of the next one. That idea just attracted $3.85M in new funding, co-led by Next Phase Capital and 8090 Industries, with participation from minority investors.

The raise signals more than another climate tech financing. It reflects growing interest in companies turning expensive waste streams into industrial infrastructure. CEO Chelsea Boyle and the Forge Industries team are tackling one of the less glamorous challenges in industrial decarbonization by transforming hard-to-recycle plastics and other difficult feedstocks into engineered industrial fuels

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