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Company type | Private |
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Founded | 2005 |
Defunct | August 2021 |
Fate | Dissolved |
Headquarters | , United States |
Key people | David Chen, CEO |
Services | Used electronics trade-ins |
Revenue | $31.4 million (2012)[1] |
Website | nextworth |
NextWorth Solutions, Inc., was an electronics trade-in and recycling service. Users of the service exchange used electronics for cash or discounts on newer models.[2] NextWorth was founded by business students at Babson College in 2005. It started as a commission-based service to help businesses setup online auctions for their used items, then changed its business model to focus on electronics trade-ins in 2006. As of late 2012, NextWorth was one of the best-known and largest electronics trade-in and recycling services in the United States, although it handles only a small percentage of total trade-in traffic.[3][4]
The Massachusetts Secretary of the Commonwealth had signed the company's certificate of dissolution in June 2019.[5] Although the company seemed to operate in some capacity for the next two years, NextWorth's website went dark in August 2021.[6]