Northwood Space Valuation, Funding & Investors

Northwood Space is valued at $2B as of November 2026.

Last Northwood Space valuation

$2B

Series C · Nov 2026

Last Northwood Space funding round

$375M

Series C · Nov 2026

Cumulative funding Northwood Space raised

$511M

across 4 funding rounds

Key investors in Northwood Space

  • Andreessen Horowitz
  • Alpine Space Ventures
  • Founders Fund
  • BoxGroup
  • StepStone Group
  • Washington Harbour Partners

Northwood Space Overview

About Northwood Space

Northwood Space is an El Segundo-based space technology company engineering ground station hardware to multiply available orbits and frequency bands for satellite communications. The platform enables rapid deployment of multi-orbit connectivity, serving satellite operators with scalable, software-defined antennas that reduce latency and costs for global data relay from low Earth orbit to geostationary satellites.


Founded

2023

HQ

United StatesLos Angeles, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$2B (Nov 2026)

Northwood Space Valuation

Northwood Space is currently valued at $2B, based on its Series C in November 2026. Read the announcement ↗

The $375M round was led by Andreessen Horowitz and DFJ Growth, with participation from StepStone Group, Washington Harbour Partners, Alpine Space Ventures and IQT.

Northwood Space valuation by funding round

Northwood Space valuation by funding round
DateStageValuation
Nov 2026Series C$2B

Northwood Space Funding History

Northwood Space has raised a total of $511M across 4 funding rounds.

Northwood Space's first fundraising round was a $6M seed round in February 2024. The most recent completed round was a $375M Series C in November 2026.

Northwood Space funding rounds

Northwood Space funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2026Series CAndreessen Horowitz (lead); DFJ Growth (lead); StepStone Group; Washington Harbour Partners; Alpine Space Ventures; IQT$375M$2BNorthwood Space raised USD 375 million in a Series C round announced in November 2026, valuing the company at USD 2 billion. Andreessen Horowitz and DFJ Growth co-led the round, with additional participation from Alpine Space Ventures, Washington Harbour Partners, StepStone, In-Q-Tel and others. The financing follows a USD 100 million Series B closed in January 2026, also co-led by Andreessen Horowitz, and brings total capital raised to more than USD 500 million. Northwood said the proceeds will expand its team and accelerate antenna production and deployment at ground stations worldwide. Northwood builds ground infrastructure for satellite communications, combining standardised phased-array antennas that deploy in hours, software that orchestrates every satellite contact, and a shared network connecting spacecraft to customers. Its antennas are made in a facility in Torrance, California, and it is led by chief executive Bridgit Mendler. The company was founded in 2023 and counts U.S. government and commercial space operators among its customers, including a Space Force contract of nearly USD 50 million announced alongside the Series B.
Jan 2026Series BAndreessen Horowitz (lead); Washington Harbour Partners (lead); Pax Ventures; 137 Ventures; Fulcrum Venture Group; StepStone Group; BoxGroup; Also Capital; Alpine Space Ventures; Balerion Space Ventures; Founders Fund; SignalRank$100M-Northwood Space, an El Segundo/Torrance-based space infrastructure startup founded by CEO Bridgit Mendler, builds vertically integrated ground systems for satellite communications. The company's flagship product is the Portal, a phased-array ground station that can be deployed in under 24 hours, contrasting sharply with traditional parabolic dishes requiring months to install. The company controls the entire ground stack from hardware manufacturing through software management of data delivery. On January 27, 2026, Northwood Space closed a $100 million Series B funding round led by Washington Harbour Partners and co-led by Andreessen Horowitz, with participation from Alpine Space Ventures, Balerion Space Ventures, Founders Fund, Fulcrum, 137 Ventures, Pax Ventures, StepStone, and others. This round came less than nine months after a $30 million Series A in April 2025, bringing total funding to over $136 million since the company's 2023 inception. Concurrent with the Series B, Northwood secured a $49.8 million contract from the U.S. Space Force to upgrade the Satellite Control Network, validating the dual-use commercial and defense applications of its ground infrastructure. The capital will be deployed to scale Portal production to over a dozen arrays per month by end of 2026 and to support over 82 beams across 18 global ground sites, addressing what CEO Mendler calls the ground-side bottleneck constraining both commercial mega-constellations and national security missions.
Apr 2025Series AAlpine Space Ventures (lead); Andreessen Horowitz (lead)$30M-Northwood Space is a satellite ground technology startup developing scalable ground infrastructure, including phased-array antennas called 'Portal,' to enable high-throughput data transfer from satellites across LEO, MEO, and GEO orbits. The company aims to disrupt traditional ground station networks by building a shared global network that supports rapid mission timelines, with plans for sites on six continents by end-2026. Founded in 2023 by CEO Bridgit Mendler and others, it emerged from stealth in February 2024 with a $6.3M seed round and tested a prototype with Planet Labs in October 2024. In April 2025, Northwood Space raised $30M in a Series A round led by Alpine Space Ventures and Andreessen Horowitz (a16z), with participation from Founders Fund, Also Capital, Stepstone, BoxGroup, Balerion Space Ventures, Banter Capital, Humba Ventures, and others. The funding supports expansion into a 35,000 sq ft manufacturing facility in Torrance, CA, and deployment of the first operational version of its global ground network. Following the Series A, Northwood secured a $100M Series B in January 2026, led by Washington Harbour Partners and co-led by Andreessen Horowitz, with Alpine Space Ventures and others participating, bringing total funding over $136M. This round coincided with a $49.8M U.S. Space Force contract to upgrade the Satellite Control Network for tracking, controlling GPS satellites, and emergency support. The capital accelerates production capacity to over a dozen arrays per month by end-2026 amid rising demand from scaling satellite constellations by companies like SpaceX and Amazon. Northwood positions itself at the bottleneck of the space economy, where falling launch costs shift constraints to ground infrastructure. Investors highlight its role in enabling an industrialized space infrastructure layer, with traction from government contracts and commercial tests demonstrating demand for flexible, high-capacity ground solutions.
Feb 2024SeedAndreessen Horowitz (lead); Founders Fund (lead); Humba Ventures; BoxGroup; Long Journey Ventures; Also Capital$6M-Northwood Space, co-founded by Bridgit Mendler as CEO, her husband Griffin Cleverly as CTO, and Shaurya Luthra as head of software, emerged from stealth in February 2024 with a $6.3 million seed funding round led by Andreessen Horowitz and Founders Fund, with participation from Also Capital, BoxGroup, Humba Ventures, and Long Journey Ventures. The company develops shared satellite ground infrastructure designed for fast production and deployment, aiming to create a data highway between Earth and space by enabling satellite operators to access ground stations within days rather than months, initially targeting Low Earth Orbit satellites. Northwood Space focuses on disrupting traditional ground station networks by building scalable infrastructure that supports up to 100 Gbps backhaul, reducing costs and reconfiguration time for satellite operators who prefer not to build their own networks. The seed funding supports development of this technology, with plans for a first technology test later in 2024 connecting to a spacecraft in orbit. The team plans to expand into a 35,000 square foot manufacturing facility as part of subsequent growth. Following the seed round, Northwood raised a $30 million Series A in April 2025 led by Alpine Space Ventures and Andreessen Horowitz, with participation from prior investors including Founders Fund and Also Capital, plus new ones like StepStone Group and Balerion Space Ventures. In January 2026, the company announced a $100 million Series B and a $49.8 million contract with the United States Space Force to upgrade the satellite control network.

Who has invested in Northwood Space?

16 investors have backed Northwood Space across its funding rounds, including Andreessen Horowitz, Alpine Space Ventures, Founders Fund, BoxGroup, StepStone Group and Washington Harbour Partners.

Lead investors include Andreessen Horowitz, DFJ Growth, Washington Harbour Partners, Alpine Space Ventures and Founders Fund.


Northwood Space Investors

Investors in Northwood Space by funding rounds participated
InvestorHQRoundsRoleFirst check
Andreessen HorowitzUnited StatesSan Francisco, CA4LeadFeb 2024
Alpine Space VenturesGermanyMunich3LeadApr 2025
StepStone GroupUnited StatesNew York City, NY2ParticipantJan 2026
BoxGroupUnited StatesNew York City, NY2ParticipantFeb 2024
Also CapitalUnited StatesNew York City, NY2ParticipantFeb 2024
Washington Harbour PartnersUnited StatesUnited States2LeadJan 2026
Founders FundUnited StatesSan Francisco, CA2LeadFeb 2024
Pax VenturesUnited StatesSan Francisco, CA1ParticipantJan 2026
137 VenturesUnited StatesUnited States1ParticipantJan 2026
Humba VenturesUnited StatesSan Francisco, CA1ParticipantFeb 2024
Fulcrum Venture GroupUnited StatesUnited States1ParticipantJan 2026
Long Journey VenturesUnited StatesSan Francisco, CA1ParticipantFeb 2024
DFJ GrowthUnited StatesMenlo Park, CA1LeadNov 2026

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Northwood Space Competitors

Northwood Space competitors include listed companies like Hunan Aerospace Huanyu, SES, Intuitive Machines and Eutelsat, and private ones like SpinLaunch and Apex.

Public and private companies comparable to Northwood Space
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SpinLaunchUnited StatesLos Angeles, CAPrivate--$2B-
Hunan Aerospace HuanyuChinaChinaPublicly listed$69M$14M$2.1B-
SESLuxembourgLuxembourgPublicly listed$2.9B$1.1B$2.1B2.7x
ApexUnited StatesLos Angeles, CAPrivate$18M-$2.3B-
Intuitive MachinesUnited StatesUnited StatesPublicly listed$207M($111M)$1.7B3.7x
EutelsatFranceFrancePublicly listed$1.4B$465M$2.4B2.8x

Northwood Space Public Comps

Northwood Space is still privately-owned, but its public comps include Hunan Aerospace Huanyu, SES, Intuitive Machines, Eutelsat, Space42, Jezetek, Hwa Create, Synspective, Orbita Aerospace and Chengdu CORPRO Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hunan Aerospace Huanyu$69M$14M30.8x-155.0x-
SES$2.9B$1.1B3.4x2.7x8.7x6.1x
Intuitive Machines$207M($111M)14.4x3.7x(27.0x)(594.0x)
Eutelsat$1.4B$465M2.9x2.8x8.6x5.5x
Space42$577M$88M3.2x2.9x21.0x7.0x
Jezetek$618M$50M2.6x-32.3x-
Hwa Create$117M$5M11.2x14.2x241.6x-
Synspective$15M$6M73.6x29.8x184.9x87.4x

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Common questions about Northwood Space

When was Northwood Space founded?Northwood Space was founded in 2023.
Where is Northwood Space headquartered?Northwood Space is headquartered in Los Angeles, CA, United States.
Is Northwood Space publicly listed?No, Northwood Space is a private, VC-backed company.
What is Northwood Space's valuation?Northwood Space was last valued at $2B in its Series C in November 2026.
How much funding has Northwood Space raised?Northwood Space has raised $511M across 4 funding rounds.
What was Northwood Space's last funding round?Northwood Space's last funding round was a $375M Series C in November 2026, led by Andreessen Horowitz and DFJ Growth.
Who are Northwood Space's investors?Northwood Space's investors include Andreessen Horowitz, Alpine Space Ventures, StepStone Group, BoxGroup, Also Capital, Washington Harbour Partners, Founders Fund, Pax Ventures, 137 Ventures, Humba Ventures and 6 others.
Which companies are comparable to Northwood Space?Companies comparable to Northwood Space include SpinLaunch, Hunan Aerospace Huanyu, SES, Apex, Intuitive Machines and Eutelsat.

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