Foley Hoag Advises Next Step Living, Inc. in Series C Financing
January 8, 2013
Foley Hoag LLP represented Next Step Living, Inc., a leader in residential energy efficiency and renewable energy, in its recent $18.2 million Series C financing. New investor VantagePoint Capital Partners led the round. Existing investors also participated in the round, which remains open.
Next Step Living helps people make their homes and communities more energy efficient and clean. Through data-driven energy audits, complimentary upgrades such as new light bulbs, insulation offerings, installation of solar technology and advanced heating and cooling systems, the company can reduce utility bills by 20-40 percent or more, as well as make individual homes more comfortable and livable. The financing allows Next Step Living to expand its geographic base to serve homeowners in Connecticut, Maryland and other states on the Atlantic Coast. To date, operations have primarily been conducted in Massachusetts.
Foley Hoag’s Energy & Cleantech Practice Group meets the needs of companies, investors and lenders in every stage of development. With our deep understanding of energy and cleantech trends, financing models, investment and deployment partners, and relevant laws and regulations, Foley Hoag has helped our clients succeed across an array of transactions, including corporate and venture financings and M&A, project structuring and finance, public securities offerings, energy regulatory and environmental compliance matters, tax issues and real estate.
About Foley Hoag LLP
Foley Hoag is a dynamic law firm that represents public and private clients in a wide range of disputes and transactions worldwide. We have expertise in industries such as life sciences and healthcare, technology, energy and cleantech, investment management, and professional services. We also offer our clients market-leading international litigation and arbitration and corporate social responsibility services. From our offices in Boston, Washington, D.C. and Paris, and our Emerging Enterprise Center in Waltham, Massachusetts, we provide strategic legal advice that is tailored to each of our client’s unique goals. Foley Hoag combines powerful regional, national and international practices that share a common emphasis on client service. We are focused on what we do best: helping our clients succeed through the delivery of exceptional legal service. For more information, visit www.foleyhoag.com