Diligence memo · auto-generated · as of July 2, 2026
Next Step Biofuels, Inc
Next Step Biofuels, Inc looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Next Step Biofuels, Inc operates in Other Energy, based in GRETNA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Next Step Biofuels, Inc has raised $940K in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $685K on 2010-08-22.
Most recent recorded round closed around 2010-08-22.
Valuation (modeled)modeled
Provath models Next Step Biofuels, Inc at approximately $11M (range $434K–$125M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.97× the median modeled value of Pre-Seed Other Energy companies in 2010–2012 (172 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 12 months.
Last raise 15.9 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 2.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 25% of Other Energy peers (2049 compared).
Modeled value ranks above 40% of those peers.
Closest niche peers: Integrated Energy Solutions, LLC, American Strategic Group LLC, Elizabethtown Solar Electric Partners LLC, Advanced Hydro Solutions LLC, Fuelfree Power Systems, Llc.
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.