Companies · Energy Conservation

Next Step Living, Inc.

BOSTON · Energy Conservation

Diligence memoA one-page analyst read on Next Step Living, Inc. — recommendation, valuation, rhythm, risks.
$167.3M
Total raised · real
19
Rounds
4.2×
Latest step-up
Top 2%
Sector rank · raised
Series B
Latest stage · inferred · Fri Jan 29 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Next Step Living, Inc. has raised $167M over 19 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the climate/enviro sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 10.4 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Energy Conservation

Next Step Living, Inc. is one of 254 Energy Conservation companies tracked from BOSTON. By capital raised it ranks among the largest (ahead of 99% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$250M$500M$750M$1.0BPre-Seed · 2009-03-27 Raised $830K (real) Modeled valuation $28M (est)Pre-Seed2009Seed · 2010-07-14 Raised $2.5M (real) Modeled valuation $68M (est)Seed · 2011-04-08 Raised $1.5M (real) Modeled valuation $40M (est)Seed2011Seed · 2011-11-21 Raised $900K (real) Modeled valuation $24M (est)Seed · 2012-03-28 Raised $4.0M (real) Modeled valuation $109M (est)Seed2012Seed · 2012-03-28 Raised $3.2M (real) Modeled valuation $86M (est)Seed · 2012-03-28 Raised $1.0M (real) Modeled valuation $27M (est)Seed2012Series B · 2012-11-21 Raised $18M (real) Modeled valuation $442M (est)Series B · 2013-06-13 Raised $3.2M (real) Modeled valuation $79M (est)Series B2013Series B · 2014-01-08 Raised $2.8M (real) Modeled valuation $68M (est)Series B · 2014-01-08 Raised $6.2M (real) Modeled valuation $151M (est)Series B2014Series B · 2014-06-09 Raised $34M (real) Modeled valuation $815M (est)Series B · 2014-06-09 Raised $30M (real) Modeled valuation $718M (est)Series B2014Series B · 2014-06-09 Raised $25M (real) Modeled valuation $596M (est)Series B · 2015-03-18 Raised $13M (real) Modeled valuation $303M (est)Series B2015Series B · 2015-03-18 Raised $4.9M (real) Modeled valuation $118M (est)Series B · 2015-04-16 Raised $13M (real) Modeled valuation $303M (est)Series B2015Series B · 2015-12-29 Raised $1.0M (real) Modeled valuation $24M (est)Series B · 2016-01-29 Raised $4.2M (real) Modeled valuation $102M (est)Series B2016Cumulative $167M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$830K · 2009
Seed$2.5M · 2010
Seed extension$1.5M · 2011
Seed extension$900K · 2011
Seed extension$4.0M · 2012
Seed extension$3.2M · 2012
Seed extension$1.0M · 2012
Series B$18.2M · 2012no Series A on file
Series B extension$3.2M · 2013
Series B extension$2.8M · 2014
Series B extension$6.2M · 2014
Series B extension$33.6M · 2014
Series B extension$29.6M · 2014
Series B extension$24.6M · 2014
Series B extension$12.5M · 2015
Series B extension$4.9M · 2015
Series B extension$12.5M · 2015
Series B extension$1.0M · 2015
Series B extension$4.2M · 2016

Stages are modeled from round size (public records carry no series label). No record for: Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$102.0M
Base estimate est.
$9.7M
Conservative case
$392.6M
Upside case
$23.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $28.0M · 2009-03-272009Seed · modeled $67.7M · 2010-07-14Seed · modeled $40.0M · 2011-04-08Seed · modeled $24.4M · 2011-11-21Seed · modeled $108.5M · 2012-03-28Seed · modeled $86.5M · 2012-03-28Seed · modeled $27.1M · 2012-03-28Series B · modeled $441.8M · 2012-11-21Series B · modeled $78.8M · 2013-06-13Series B · modeled $67.6M · 2014-01-08Series B · modeled $151.3M · 2014-01-08Series B · modeled $815.2M · 2014-06-09Series B · modeled $718.2M · 2014-06-09Series B · modeled $596.3M · 2014-06-09Series B · modeled $303.2M · 2015-03-18Series B · modeled $118.4M · 2015-03-18Series B · modeled $303.2M · 2015-04-16Series B · modeled $24.3M · 2015-12-29Series B · modeled $102.0M · 2016-01-292016
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
63%
Survival probability
41% low · 76% high
1.38×/yr
Annual markup
1.67×/yr upside case
6.0 yr
Elapsed time used
10.4 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$24.4M/yr
Capital velocity
17.3 yr
On record since
2009
First round
19
Rounds on file
How it compares to the market

Benchmarked against 254 companies in Energy Conservation. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 67× above median
This company$167.3M
Sector median$2.5M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.3× of median
This company$4.2M
Sector median$14.5M
Modeled value — vs sector median (estimate, all stages) 3.8× above median
This company$102.0M
Sector median$27.1M

Raised more than 99% of sector peers (real $). Modeled value above 82% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Convergence Wireless, Inc.Series B$24.0M$582.2M1.70×
Next Step Living, Inc. this companySeries B$167.3M$102.0M0.30×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$830K2009-03-27$4.6M$28.0M90%
Seed$2.5M2010-07-14$12.5M$67.7M90%
Seed$1.5M2011-04-08$7.4M$40.0M90%
Seed$900K2011-11-21$4.5M$24.4M90%
Seed$4.0M2012-03-28$20.0M$108.5M90%
Seed$3.2M2012-03-28$15.9M$86.5M90%
Seed$1.0M2012-03-28$5.0M$27.1M90%
Series B$18.2M2012-11-21$101.2M$441.8M90%
Series B$3.2M2013-06-13$18.1M$78.8M90%
Series B$2.8M2014-01-08$15.5M$67.6M90%
Series B$6.2M2014-01-08$34.7M$151.3M90%
Series B$33.6M2014-06-09$186.7M$815.2M90%
Series B$29.6M2014-06-09$164.5M$718.2M90%
Series B$24.6M2014-06-09$136.6M$596.3M90%
Series B$12.5M2015-03-18$69.4M$303.2M90%
Series B$4.9M2015-03-18$27.1M$118.4M90%
Series B$12.5M2015-04-16$69.4M$303.2M90%
Series B$1.0M2015-12-29$5.6M$24.3M90%
Series B$4.2M2016-01-29$23.4M$102.0M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$830K2009-03-27
    • First recorded raise — entered as Pre-Seed.
  2. Seed$2.5M2010-07-14
    • Raised 16 mo later, in step with the ~11 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
  3. Seed$1.5M2011-04-08
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
  4. Seed$900K2011-11-21
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
  5. Seed$4.0M2012-03-28
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 4.4× larger than the prior — scaling up.
  6. Seed$3.2M2012-03-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  7. Seed$1.0M2012-03-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.2× smaller than the prior — bridge or down round.
  8. Series B$18.2M2012-11-21
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 18.2× larger than the prior — scaling up.
  9. Series B$3.2M2013-06-13
    • Came back fast: 7 mo vs the ~11 mo sector norm.
    • Round 5.6× smaller than the prior — bridge or down round.
  10. Series B$2.8M2014-01-08
    • Came back fast: 7 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
  11. Series B$6.2M2014-01-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× larger than the prior — scaling up.
  12. Series B$33.6M2014-06-09
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 5.4× larger than the prior — scaling up.
  13. Series B$29.6M2014-06-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  14. Series B$24.6M2014-06-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  15. Series B$12.5M2015-03-18
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
  16. Series B$4.9M2015-03-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.6× smaller than the prior — bridge or down round.
  17. Series B$12.5M2015-04-16
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
  18. Series B$1.0M2015-12-29
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 12.5× smaller than the prior — bridge or down round.
  19. Series B$4.2M2016-01-29
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 4.2× larger than the prior — scaling up.
Intelligence
2016 ~Q2
Modeled next raise · ~5mo cadence
$12.6M
Modeled next size est.range $8.2M$20.2M
4.2×
Last step-up
$24.4M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Lee Burrows6 other2012-11
Dennis Costello5 other2014-06
Chris Catalano1 other2014-06
Claire Broido Johnson1 other2014-06
Larry Mihalchik1 other2013-06
Rob Day1 other2010-07
Arjun Rao2014-06
Brian Greenfield2009-03
Geoff Chapin2009-03
John DeVillars2011-04
John McQuillan2010-07
Sean Ladley2009-03
Registry & provenance

Next Step Living, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1461828
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Infinia CORPEnergy ConservationSeries B$147.9M$249.2Msame sector · same stage
Tendril Networks, Inc.Other EnergySeries B$162.3M$59.0Mnetwork1 shared operator · same stage
Power Assure, Inc.Energy ConservationSeries B$80.1M$351.7Msame sector · same stage
Sealed Inc.Energy ConservationSeries B$76.5M$257.6Msame sector · same stage
PowerWise Group, Inc.Energy ConservationSeries B$60.6M$916.6Msame sector · same stage
Verengo, Inc.Energy ConservationSeries B$54.7M$83.4Msame sector · same stage
Standard Renewable Energy, LPEnergy ConservationSeries B$49.3M$297.2Msame sector · same stage
M2X Energy Inc.Energy ConservationSeries B$44.6M$78.9Msame sector · same stage
Frequently asked
How much funding has Next Step Living, Inc. raised?
Next Step Living, Inc. has raised approximately $167.3M in disclosed capital across 19 recorded financing rounds, aggregated from public filings.
What is Next Step Living, Inc.'s estimated valuation?
Provath's modeled valuation for Next Step Living, Inc. is approximately $102.0M (modeled range $9.7M–$392.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Next Step Living, Inc. at?
Next Step Living, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Jan 29.
What does Next Step Living, Inc. do and where is it based?
Next Step Living, Inc. operates in the Energy Conservation sector, based in BOSTON.
Explore related

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