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Next Phase Capital co-led a $3.85 million funding round in Forge Industries to accelerate their waste-to-fuel innovation, supporting the development of their first U.S. facility near Las Vegas.
PRIVATEJul 07, 2026•21 days ago
Amount Raised
$3.85 Million
Round Type
Seed
NashvilleEnergyRenewable Energy
Investors
8090 IndustriesNext Phase Capital
Description
Next Phase Capital co-led the $3.85 million funding round alongside 8090 Industries to support Forge Industries, a climate-tech company. The funding will help establish Forge's first U.S. biofuel facility this year. Founder Chelsea Boyle aims to transform waste into sustainable power solutions, leveraging her experience to build a circular fuel economy
Company Information
Company
Forge Industries
Location
Nashville, Tennessee, United States
About
Forge Industries is an emerging climate-tech company that transforms hard-to-recycle waste into high-performing engineered fuels. Founded by Chelsea Boyle in 2022, the company is dedicated to establishing a circular fuel economy that addresses the growing industrial demand for lower-emission fuels. With innovative approaches to waste management, Forge aims to significantly reduce landfill waste while creating sustainable power solutions. The company is currently developing its first U.S. biofuel facility outside of Las Vegas.
NashvilleEnergyRenewable Energy