Who founded Forge Minerals?

Forge Minerals was founded by Ian Spencer, Sylvain Petitgirard, Matthew Vaughan.

Who are Forge Minerals's investors?

Forge Minerals's investors include One Planet Capital, Sustainable Ventures, Old College Capital, Scottish Enterprise, Carbon13.

Where is Forge Minerals headquartered?

Forge Minerals is headquartered in Edinburgh, GB.

Forge Minerals

Edinburgh, GB · 7 known investors

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Forge Minerals converts carbon dioxide from biogenic emissions into high-purity magnesium carbonates using advanced chemical processes. The company develops carbon-negative mineral products intended to replace carbon-intensive materials used in construction, pharmaceuticals, manufacturing, and other industrial applications.

Cleantech Climate Tech New Materials

Founders & leadership

Ian Spencer Co-founder | CEO | EconomistCo-founder and CEO of Forge Minerals, which converts biogenic carbon dioxide into high-purity magnesium carbonates as carbon-negative alternatives to carbon-intensive materials in construction, pharmaceuticals, and manufacturing. An economist, he previously held a government role and has worked on hydrogen production, supply, and storage infrastructure.

Sylvain Petitgirard Co-founder | CSOPetitgirard is an Earth scientist with over 15 years of research experience studying planetary interiors and atmospheres, conducting work at advanced international research facilities. He is co-founder and chief scientific officer of Forge Minerals, which converts biogenic CO2 into high-purity magnesium carbonates for industrial applications.

Matthew Vaughan Co-founder | COOMatthew Vaughan holds a PhD in Earth Science and worked as an operations consultant before co-founding Forge Minerals, where he serves as COO. He has experience building operational and development systems for climate and sustainability technology ventures.

Investors · 7

One Planet Capital✓ confirmed by Forge MineralsCambridge · $25K – $500K

How we know: One Planet Capital's portfolio page · the company's own site · businessscotlandmagazine.com · Not right? Tell us

Sustainable Ventures✓ confirmed by Forge MineralsLondon

How we know: the company's own site · Sustainable Ventures's portfolio page · funding news · businessscotlandmagazine.com · open dataset · 5k.vc investor directory · Not right? Tell us

Old College Capital✓ confirmed by Forge MineralsEdinburgh · $190.5K

How we know: the company's own site · funding news · businessscotlandmagazine.com · Not right? Tell us

Scottish Enterprise✓ confirmed by Forge MineralsGlasgow

How we know: the company's own site · businessscotlandmagazine.com · Not right? Tell us

Carbon13listed by Carbon13Cambridge

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Also in the syndicate · 2

Kappika VenturesThe Conduit Impact Fundlead

Funding

SEC filings, press & company announcements

Undisclosed amountpre-seed funding roundFeb 2026
Sustainable Ventures (lead), The Conduit Impact Fund (lead), Kappika Ventures, Old College Capital, One Planet Capital, Scottish Enterprise
Source ↗
Undisclosed amountpre-seed funding roundJan 2026
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Companies House · registry record

View on Companies House ↗

Registered name: FORGE MINERALS LIMITED
Company number: SC813531
Status: Active
Company type: Private limited company
Incorporated: 13 Jun 2024
Registered office: Edinburgh Innovation Hub, Queen Margaret University Drive, Musselburgh, EH21 6UD
Nature of business (SIC): 71121 — Engineering design activities for industrial process and production
Accounts: last made up to 30 Jun 2025 · next due 31 Mar 2027
Confirmation statement: last made up to 12 Jun 2026 · next due 26 Jun 2027

Current officers · 3

Eva-Maria Dimitriadis — director, appointed 19 Jan 2026
Ian Edward Spencer — director, appointed 13 Jun 2024
Matthew James Hatfield Vaughan — director, appointed 13 Jun 2024

Source: Companies House public register · retrieved 5 Aug 2026. Contains public sector information licensed under the Open Government Licence v3.0.

Frequently asked questions

What does Forge Minerals do?: Forge Minerals converts carbon dioxide from biogenic emissions into high-purity magnesium carbonates using advanced chemical processes. The company develops carbon-negative mineral products intended to replace carbon-intensive materials used in construction, pharmaceuticals, manufacturing, and other industrial applications.
Who founded Forge Minerals?: Forge Minerals was founded by Ian Spencer, Sylvain Petitgirard, Matthew Vaughan.
Who are Forge Minerals's investors?: Forge Minerals's investors include One Planet Capital, Sustainable Ventures, Old College Capital, Scottish Enterprise, Carbon13.
Where is Forge Minerals headquartered?: Forge Minerals is headquartered in Edinburgh, GB.