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The Boston Globe

Business

Next Step Living raises $18.2m to expand beyond Mass.

Next Step Living Inc., a Boston company specializing in analyzing homes and making them more energy efficient, said it has raised $18.2 million in Series C financing as it looks to expand beyond Massachusetts.

Geoff Chapin. Photo taken from company website.

New investor VantagePoint Capital Partners led the round. Existing investors, including Black Coral Capital and Mass Green Energy Fund, also participated in the round, which remains open, the company said.

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Next Step Living said it is eyeing expansion in Connecticut, Maryland, and other states on the Atlantic Coast.

In a statement, chief executive Geoff Chapin said: ‘‘By implementing efficiency measures, homeowners can cut their bills and make their homes more comfortable. Reduced energy consumption also means more predictable energy bills, cleaner air, and lower demand for fossil fuels.”

(A recent Scott Kirsner column in the Globe looked at how Massachusetts start-ups are exploring the efficient side of clean technology.)

Chris Reidy can be reached at reidy@globe.com.

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