Bridgit Mendler’s Space Startup, Northwood Space Raises $30M
Satellite ground technology startup Northwood Space has successfully secured $30 million in a Series A funding round, led by Alpine Space Ventures and Andreessen Horowitz (a16z). Major investors such as Also Capital, Founders Fund, and StepStone Group participated in this round, along with BoxGroup, Humba Ventures, Balerion Space Ventures, Banter Capital, Long Journey, Aabid Razvi, Evan Loomis, and Adrian Aoun.
Northwood Space is currently helmed by CEO Bridgit Mendler, renowned for her previous career as a Disney Channel actress. The company emerged from stealth mode in February 2024, having raised $6.3 million during its seed round. Northwood Space is dedicated to innovating satellite ground systems that facilitate data reception from satellites. The company is developing proprietary antenna hardware and software to construct a shared ground network, which it asserts can scale up to 100 gbps backhaul. In the previous year, Northwood Space conducted a successful live test of its phased array ground station prototype with Planet Labs.
With the newly acquired funds, Northwood Space intends to expand into a 35,000 square foot manufacturing facility and deploy the initial operational version of its ground network, aiming to establish sites across six continents by the end of 2026. “We are constructing a global ground network engineered to scale alongside the missions it supports. Our goal is to develop the largest shared network in terms of throughput and link capacity,” Mendler stated in a post announcing the funding round.
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