Tech Company Financing Transactions
Northwood Space Funding Round
a16z crypto, Alpine Space Ventures and Also Capital invested in a $30 million Series A funding round for Northwood Space. The financing closed on 4/23/2025.
Transaction Overview
Company Name
Announced On
4/23/2025
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series A
Investors
a16z crypto (Lead Investor)
Alpine Space Ventures (Lead Investor)
Proceeds Purpose
Northwood will use this funding to expand into its 35,000 sqft manufacturing facility and deploy the first operational version of its global network of Northwood ground sites.
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
Browse more venture capital transactions:
Prev: 4/23/2025: Surfin venture capital transaction
Next: 4/23/2025: Lattica venture capital transaction
Share this article
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.
Additional Resources for Entrepreneurs