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Next step living
Based in
Boston, Massachusetts, United States
Energy, Energy Efficiency, Home Renovation, Renewable Energy
B2B
Provides home energy evaluations and solutions for individuals and organizations
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Dates
Launch
1 March 2008
Closure
19 March 2016
Duration (months)
8 years
Failure
Reason
Low-margin business with a high rate of cash burn
Submitted Failure Story
Failure categories
Burn rate
Founders and team
Investment
Number of investors
7
Investors
VantagePoint Capital Partners, Braemar Energy Ventures, Shell Technology Ventures, WindSail Capital Group, Black Coral Capital, Clean Energy Venture Group, John McQuillan
Accelerator program
-
Acquisition status
-
Acquisition date
-
Employee count
101-250
Founders
Geoff Chapin
Founders Twitter
Funding
Total funding
$88,600,000
Number of funding rounds
14
Funding round(s) amount(s)
Venture - Series Unknown - $900,000, Venture - Series Unknown - $1,500,000, Venture - Series Unknown - $3,200,000, Debt Financing - $12,500,491, Debt Financing - $3,249,000, Series C - $18,200,000, Debt Financing - $6,239,268, Venture - Series Unknown - $4,205,422, Venture - Series Unknown - $830,000, Series B - $2,600,000, Series D - $25,000,000, Debt Financing - $2,750,000, Debt Financing - $2,500,000, Debt Financing - $4,881,973
Last funding
$88,600,000
Last funding date
16 February 2016
Last funding type
Venture - Series Unknown
Funding Status
-
Online
Website
Public synopsis
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