Funding round
Northwood Seed
Northwood, which works in satellite backhaul ground infrastructure solutions in El Segundo, raised $6.3M in a Seed round announced on 1 Feb 2024. 15 firms took part. It is Northwood's first venture round on record.
$6.3M
Amount raised
Not disclosed
Post-money valuation
15
Investors
no lead named
Valuation
What this round says about the price
Northwood did not disclose a valuation in this round. It is Northwood's first venture round on record, 2 years after it was founded in 2022. It is 4.6% of the $136M Northwood has raised in the venture rounds on record. Northwood raised again 14 months later: a Series A round of $30M in Apr 2025.
Investors
Who put money in
15 firms took part; no lead investor was named.
Investors
- Founders Fund backs 368 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- backs 70 venture-backed companies new investor
- BoxGroup backs 175 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- backs 108 venture-backed companies new investor
- AME Cloud Ventures backs 105 venture-backed companies new investor
- backs 42 venture-backed companies new investor
- Caffeinated backs 79 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- backs 43 venture-backed companies new investor
- backs 69 venture-backed companies new investor
- Hoxton Ventures backs 50 venture-backed companies new investor
- LAUNCHub backs 36 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
9 Seed rounds in Telecommunications within a year either side disclosed an amount; the median was $3.5M, and this round was 1.8 times the median. The closest in time, other companies' Seed rounds in Telecommunications:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Telecommunications | 25 Mar 2024 | $7.1M | not disclosed | Matterwave Ventures and Ventech |
| Telecommunications | 15 May 2024 | $1.9M | not disclosed | Pioneer Fund |
| Telecommunications | 13 Jun 2024 | $5.0M | not disclosed | Shorooq Partners |
| Telecommunications | 24 Jun 2024 | $3.1M | not disclosed | Heartcore Capital |
| Telecommunications | 1 Jun 2024 | $1.0M | not disclosed | not named |
| Telecommunications | 29 Sep 2023 | $670K | not disclosed | not named |
| Telecommunications | 14 Oct 2024 | $10M | not disclosed | Expansion |
| Telecommunications | 3 Oct 2024 | $3.5M | not disclosed | 1982 Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Northwood raise in its Seed round?
Northwood raised $6.3M in its Seed round, announced in Feb 2024.
Which investors took part in Northwood's Seed round?
Founders Fund, Andreessen Horowitz, Also Capital, Long Journey Ventures, BoxGroup and Humba Ventures and 9 more.
What was Northwood's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Telecommunications?
9 Seed rounds in Telecommunications within a year either side disclosed an amount; the median was $3.5M, and this round was 1.8 times the median.
Did Northwood raise again after this round?
Yes: a Series A round in Apr 2025 of $30M.