Tech Company Financing Transactions
Northwood Space Funding Round
Northwood Space, based in El Segundo, received $100 million in funding from Balerion Space Ventures.
Transaction Overview
Company Name
Announced On
1/27/2026
Transaction Type
Venture Equity
Amount
$100,000,000
Round
Series B
Investors
Balerion Space Ventures (Phil Scully)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
130 Arena Street
El Segundo, CA Undisclosed
USA
El Segundo, CA Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Northwood is expanding access to space by rethinking shared infrastructure for satellite backhaul. Northwood Space is a space technology startup founded in 2022 by Bridgit Mendler, Griffin Cleverly, and Shaurya Luthra. The company aims to expand access to space by rethinking shared infrastructure for satellite backhaul. Northwood is building an advanced, scalable ground network powered by phased array technology to deliver enhanced connectivity and resilience for space operations. Their 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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Technical Officer
Griffin Cleverly
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are derived from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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