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April 23, 2025 - Deals

Northwood Space Closes $30M Series A Funding Round Led By Alpine Space Ventures And A16z

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Northwood Space, founded in 2023 by CEO Bridgit Mendler, closed a $30M Series A funding round led by Alpine Space Ventures and a16z, with participation from Also Capital, Founders Fund, and Stepstone. The funds will help the El Segundo-based startup expand its factory and establish a global network of ground stations, aiming to support critical space infrastructure such as GPS, remote monitoring, and global communications. Northwood is focused on building a reliable, vertically integrated ground network to meet the increasing demand for high-tech terrestrial infrastructure that can keep up with space assets. The company plans to set up two ground sites per month, aiming for coverage on six continents by the end of 2025. INVESTORS: Alpine Space Ventures, a16z (Andreessen Horowitz), Also Capital, Founders Fund & Stepstone ROUND: Series A AMOUNT: $30,000,000 HQ: #ElSegundo #California #VentureCapital #NorthwoodSpace #AlpineSpaceVentures #a16z #AndreessenHorowitz #AlsoCapital #FoundersFund #Stepstone #BridgitMendler #TradedVC

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Puppy Sphere Secures Seed Round Of $24 Million From Strategic Investors Including The School Of Hard KnocksPuppy Sphere (@ThePuppySphere), a New York-based wellness brand centered on the human-animal bond, has raised a Seed round from a group of strategic investors including The School of Hard Knocks, Tobi Oluwole, Jake Fleshner, Torch Collective, former Massage Envy CEO David Humphrey, and other founders and operators. Founded by Francesca Albo and Lea Burbidge Izquierdo, Puppy Sphere has scaled its puppy yoga concept into a broader experiential wellness platform with 13 studios, corporate wellness programs, brand partnerships, and live activations, serving more than 450,000 customers and partnering with companies including Google, Amazon, Netflix, TikTok, and the NBA. FUN FACT: Puppy Sphere was born from two Canadian founders’ own mental health journeys and has since grown into 13 studios across North America, $14M+ in cumulative revenue, and 450,000+ customers, all without outside capital. Along the way, the brand has welcomed names like Sabrina Carpenter, Simu Liu, Trevor Noah and Alessia Cara, while building a broader wellness platform around the gentle power of puppy therapy. Now Puppy Sphere is opening its cap table for the first time through a strategic angel round, bringing together leaders across media, consumer growth and wellness, including The School of Hard Knocks, former Massage Envy CEO David Humphrey, growth entrepreneur Tobi Oluwole, and Nucleus Network co-founder Jake Fleshner, alongside a broader group of strategic founders and operators. The vision: bring the gentle power of puppy therapy across the globe. FOUNDERS: Francesca Albo (@FrancescaaAlbo), Lea Burbidge Izquierdo (@LeaburbIz) INVESTORS: The School of Hard Knocks (@TheSchoolofHardKnockz), Tobi Oluwole (@TheTobiOluwole), Jake Fleshner (@JakeFleshner) Torch Collective, Heather Stark, Will Bodewes, Craig Zingerline & more ROUND: Seed VALUATION CAP: $24,000,000 HQ: New York, New York #VentureCapital #PuppySphere #TradedPartner #FrancescaAlbo #TradedVC