Northwood Space Funding, Investors & Competitors

Northwood Space has raised $136M across 3 funding rounds, most recently a $100M Series B in January 2026.

Last Northwood Space funding round

$100M

Series B · Jan 2026

Cumulative funding Northwood Space raised

$136M

across 3 funding rounds

Key investors in Northwood Space

  • Andreessen Horowitz
  • Founders Fund
  • BoxGroup
  • Also Capital
  • Alpine Space Ventures
  • Long Journey Ventures
  • 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

Northwood Space Funding History

Northwood Space has raised a total of $136M across 3 funding rounds.

Northwood Space's first fundraising round was a $6M seed round in February 2024. The most recent completed round was a $100M Series B in January 2026.

Northwood Space funding rounds

Northwood Space funding rounds
DateStageInvestorsRaisedDeal Summary
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$100MNorthwood 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)$30MNorthwood 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$6MNorthwood 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?

14 investors have backed Northwood Space across its funding rounds, including Andreessen Horowitz, Founders Fund, BoxGroup, Also Capital, Alpine Space Ventures and Long Journey Ventures.

Lead investors include Andreessen Horowitz, 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, CA3LeadFeb 2024
BoxGroupUnited StatesNew York City, NY2ParticipantFeb 2024
Also CapitalUnited StatesNew York City, NY2ParticipantFeb 2024
Alpine Space VenturesGermanyMunich2LeadApr 2025
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
StepStone GroupUnited StatesNew York City, NY1ParticipantJan 2026
Long Journey VenturesUnited StatesSan Francisco, CA1ParticipantFeb 2024
Washington Harbour PartnersUnited StatesUnited States1LeadJan 2026

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Northwood Space Competitors

Northwood Space competitors include listed companies like SpaceX, EchoStar, AST SpaceMobile and China Satellite, and private ones like ICEYE and Yuanxin Satellite.

Public and private companies comparable to Northwood Space
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SpaceXUnited StatesUnited StatesPublicly listed$19B$3.9B$2.0T-
EchoStarUnited StatesUnited StatesPublicly listed$15B($16B)$27B3.1x
AST SpaceMobileUnited StatesUnited StatesPublicly listed$71M($419M)$19B148.3x
China SatelliteChinaChinaPublicly listed$394M$263M$15B-
ICEYEFinlandEspooPrivate$289M$115M$12B40.3x
Yuanxin SatelliteChinaShanghaiPrivate--$7.4B-

Northwood Space Public Comps

Northwood Space is still privately-owned, but its public comps include SpaceX, EchoStar, AST SpaceMobile, China Satellite, Globalstar, China Spacesat, Viasat, Planet Labs, Loar Group and Iridium.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SpaceX$19B$3.9B106.0x-503.3x-
EchoStar$15B($16B)3.0x3.1x(2.8x)21.5x
AST SpaceMobile$71M($419M)282.1x148.3x(47.7x)(72.4x)
China Satellite$394M$263M36.7x-55.0x-
Globalstar$273M$126M39.2x37.9x85.2x77.4x
China Spacesat$910M$56M11.3x10.0x183.0x134.8x
Viasat$4.6B$1.6B3.3x3.2x9.5x9.9x
Planet Labs$308M($211M)18.9x14.9x(27.5x)508.1x

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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.
How much funding has Northwood Space raised?Northwood Space has raised $136M across 3 funding rounds.
What was Northwood Space's last funding round?Northwood Space's last funding round was a $100M Series B in January 2026, led by Andreessen Horowitz and Washington Harbour Partners.
Who are Northwood Space's investors?Northwood Space's investors include Andreessen Horowitz, BoxGroup, Also Capital, Alpine Space Ventures, Founders Fund, Pax Ventures, 137 Ventures, Humba Ventures, Fulcrum Venture Group, StepStone Group and 4 others.
Which companies are comparable to Northwood Space?Companies comparable to Northwood Space include SpaceX, EchoStar, AST SpaceMobile, China Satellite, ICEYE and Yuanxin Satellite.

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