One of Boston’s biggest green companies is growing. Boston’s Next Step Living raised $25 million in Series D funding on Wednesday to continue to build its team and expand its services outside of the Bay State, according to Xconomy.
Leading the round is new investor Braemar Energy Ventures. Returning investors include VantagePoint Capital Partners and Black Coral Capital. The company has now raised $60 million in total equity funding.
The cleantech company, which gives energy efficient upgrades to homes, also announced that it now has a team of 543 Massachusetts employees, up from 460 in September 2013. Next Step also has 132 people working part-time in Massachusetts.
Started in 2009, the company has upgraded 75,000 homes to date. A total of 3,500 of those homes were in Connecticut, where Next Step expanded to last year. Analyzing for energy inefficiencies, adding insulation, re-sealing windows, installing solar panels are just a few of the services Next Step provides.
In May, the company also added an energy-sharing program that enabled Mass. residents to buy into “community solar gardens.” The idea is that people could keep the savings from switching to solar, without the pain of paying out of pocket for the ray-catching hardware and the maintenance.
Image via LOE
