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- Northwood Space
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2026 | Series B | Andreessen 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 2025 | Series A | Alpine 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 2024 | Seed | Andreessen 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?
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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Feb 2024 | ||
| 2 | Participant | Feb 2024 | ||
| 2 | Participant | Feb 2024 | ||
| 2 | Lead | Apr 2025 | ||
| 2 | Lead | Feb 2024 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Lead | Jan 2026 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialNorthwood Space Competitors
Northwood Space competitors include listed companies like SpaceX, EchoStar, AST SpaceMobile and China Satellite, and private ones like ICEYE and Yuanxin Satellite.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $19B | $3.9B | $2.0T | - | ||
| Publicly listed | $15B | ($16B) | $27B | 3.1x | ||
| Publicly listed | $71M | ($419M) | $19B | 148.3x | ||
| Publicly listed | $394M | $263M | $15B | - | ||
| Private | $289M | $115M | $12B | 40.3x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $3.9B | 106.0x | - | 503.3x | - | |||
| $15B | ($16B) | 3.0x | 3.1x | (2.8x) | 21.5x | |||
| $71M | ($419M) | 282.1x | 148.3x | (47.7x) | (72.4x) | |||
| $394M | $263M | 36.7x | - | 55.0x | - | |||
| $273M | $126M | 39.2x | 37.9x | 85.2x | 77.4x | |||
| $910M | $56M | 11.3x | 10.0x | 183.0x | 134.8x | |||
| $4.6B | $1.6B | 3.3x | 3.2x | 9.5x | 9.9x | |||
| $308M | ($211M) | 18.9x | 14.9x | (27.5x) | 508.1x | |||
This data is available for Pro users. Sign up to see all Northwood Space competitors and their valuation data. Start Free Trial | ||||||||
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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