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

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