About FORGE Hydrocarbons
FORGE Hydrocarbons is a company based in Oakville (Canada) founded in 2012 by Tim Haig.. FORGE Hydrocarbons has raised $26.61 million across 3 funding rounds from investors including Shell, Lockheed Martin and Valent. The company has 6 employees as of December 31, 2024. FORGE Hydrocarbons offers products and services including LTH Technology and Renewable Diesel. FORGE Hydrocarbons operates in a competitive market with competitors including LanzaTech, Fulcrum Bioenergy, Renmatix, INENTEC and EcoCeres, among others.
- Headquarter Oakville, Canada
- Employees 6 as on 31 Dec, 2024
- Founders Tim Haig
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Sectors
EnvironmentEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Forge Hydrocarbons Corp
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.61 M (USD)
in 3 rounds
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Latest Funding Round
$22.61 M (USD), Series B
Feb 13, 2020
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Investors
Shell
& 3 more
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Employee Count
6
as on Dec 31, 2024
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Products & Services of FORGE Hydrocarbons
FORGE Hydrocarbons offers a comprehensive portfolio of products and services, including LTH Technology and Renewable Diesel. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Converts waste fats into renewable hydrocarbons for clean energy applications.
Produces drop-in biofuels compatible with existing infrastructure and engines.
Funding Insights of FORGE Hydrocarbons
FORGE Hydrocarbons has successfully raised a total of $26.61M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $22.61 million completed in February 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $22.6M
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First Round
First Round
(22 Mar 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Series B - FORGE Hydrocarbons | Valuation | Shell , Valent |
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| Dec, 2018 | Amount | Series A - FORGE Hydrocarbons | Valuation | Lockheed Martin |
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| Mar, 2016 | Amount | Grant - FORGE Hydrocarbons | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FORGE Hydrocarbons
FORGE Hydrocarbons has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Shell, Lockheed Martin and Valent. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on investing in clean tech sectors
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Founded Year | Domain | Location | |
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Shell is recognized as a global energy and petrochemical company.
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Founded Year | Domain | Location | |
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Provider of renewable fuels and oil desulfurization solutions
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FORGE Hydrocarbons
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FORGE Hydrocarbons
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Forge Hydrocarbons Comparisons
Competitors of FORGE Hydrocarbons
FORGE Hydrocarbons operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LanzaTech, Fulcrum Bioenergy, Renmatix, INENTEC and EcoCeres, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Waste carbon is treated via a bio-processing platform.
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| domain | founded_year | HQ Location |
Ethanol production from municipal solid waste is enabled.
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| domain | founded_year | HQ Location |
Cellulosic sugars are produced from non-food biomass via supercritical hydrolysis.
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| domain | founded_year | HQ Location |
Technology developer for conversion of wastes to energy
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| domain | founded_year | HQ Location |
Provider of waste based biomass to biofuels
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| domain | founded_year | HQ Location |
Biofuels and renewable chemicals are produced from municipal solid waste.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Forge Hydrocarbons
Frequently Asked Questions about FORGE Hydrocarbons
When was FORGE Hydrocarbons founded?
FORGE Hydrocarbons was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is FORGE Hydrocarbons located?
FORGE Hydrocarbons is headquartered in Oakville, Canada. It is registered at Oakville, Ontario, Canada.
Who is the current CEO of FORGE Hydrocarbons?
Tim Haig is the current CEO of FORGE Hydrocarbons. They have also founded this company.
Is FORGE Hydrocarbons a funded company?
FORGE Hydrocarbons is a funded company, having raised a total of $26.61M across 3 funding rounds to date. The company's 1st funding round was a Grant of $4.2M, raised on Mar 22, 2016.
How many employees does FORGE Hydrocarbons have?
As of Dec 31, 2024, the latest employee count at FORGE Hydrocarbons is 6.
What does FORGE Hydrocarbons do?
FORGE Hydrocarbons was founded in 2012 in Oakville, Canada, focusing on the renewable energy sector. Lipid-to-Hydrocarbon (LTH) technology is employed to transform waste fats and used oils into drop-in fuels, solvents, and chemicals. This process relies on pressure and temperature without catalysts, enabling production of petroleum-based hydrocarbons. Operations emphasize sustainable conversion methods for industrial applications.
Who are the top competitors of FORGE Hydrocarbons?
FORGE Hydrocarbons's top competitors include INENTEC, Fulcrum Bioenergy and LanzaTech.
What products or services does FORGE Hydrocarbons offer?
FORGE Hydrocarbons offers LTH Technology and Renewable Diesel.
Who are FORGE Hydrocarbons's investors?
FORGE Hydrocarbons has 4 investors. Key investors include Shell, Lockheed Martin, Valent, and Sustainable Development Technology Canada.