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Northwood Space raises $30M in Series A funding led by Alpine Space Ventures and a16z to disrupt satellite ground stations.

Apr 22, 20258 months ago

Amount Raised

$30 Million

Round Type

series a

Los AngelesAerospaceManufacturing

Investors

Adrian AounEvan LoomisAabid RazviLong JourneyBanter CapitalBalerion Space VenturesHumba VenturesBox GroupStep Stone GroupFounders FundCapitalAndreessen HorowitzAlpine Space Ventures

Description

Northwood Space has raised $30 million in a Series A funding round led by Alpine Space Ventures and Andreessen Horowitz (a16z). The company plans to use the funding to expand into a 35,000 square foot manufacturing facility and launch its ground network globally. Investors also included Capital, Founders Fund, StepStone Group, and others. CEO Bridgit Mendler aims to build the largest shared network for satellite data reception.

Company Information

Company

Northwood Space

Location

Los Angeles, California, United States

About

Northwood was founded in 2022 by Bridgit Mendler, Griffin Cleverly, and Shaurya Luthra with the mission to expand access to space by transforming satellite backhaul infrastructure. We are building an advanced, scalable ground network powered by phased array technology to deliver enhanced connectivity and resilience for space operations. Our innovative approach is designed to rapidly scale and improve the efficiency of satellite communication networks. The first Northwood sites are set to deploy in 2025.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech