Next Phase Capital leads $3.85M investment in Forge Industries
In Nevada, Growth investment firm Next Phase Capital recently announced an investment in Forge Industries. Next Phase Capital co-led the $3.85 million funding round alongside 8090 Industries, with the two contributing the majority of new capital raised. The funding will support the development of Forge’s first U.S. biofuel facility outside of Las Vegas this year.
Founded in 2022, Forge began by producing 100-200 kg batches of industrial fuel and, by 2025, had successfully completed industrial-scale pilots exceeding 100 tons. Through dozens of rounds of testing, validation and continuous improvement, Forge is now preparing to develop its first U.S. facility later this year.
Category: Fuels
