Funding round
Northwood Series A
Northwood, which works in satellite backhaul ground infrastructure solutions in El Segundo, raised $30M in a Series A round announced on 22 Apr 2025, led by Alpine Space Ventures and Andreessen Horowitz. 15 firms took part, with 3 individual investors. It is Northwood's second venture round on record; the one before was a Seed in Feb 2024.
$30M
Amount raised
Not disclosed
Post-money valuation
15
Investors
2 leads
Valuation
What this round says about the price
Northwood did not disclose a valuation in this round. It came 14 months after Northwood's Seed. It is 22% of the $136M Northwood has raised in the venture rounds on record. Northwood raised again 9 months later: a Series B round of $100M in Jan 2026.
Investors
Who put money in
Alpine Space Ventures and Andreessen Horowitz led the round with 13 other firms.
Lead investors
- backs 7 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- backs 13 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- Stepstone new investor
- BoxGroup backs 175 venture-backed companies new investor
- Humba Ventures new investor
- Balerion Space Ventures new investor
- Banter Capital new investor
- backs 70 venture-backed companies new investor
- backs 61 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- backs 141 venture-backed companies new investor
- Sommet AB new investor
- backs 72 venture-backed companies new investor
Individual investors: Aabid Razvi, Evan Loomis and Adrian Aoun.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
7 Series A rounds in Telecommunications within a year either side disclosed an amount; the median was $12M, and this round was 2.5 times the median. The closest in time, other companies' Series A rounds in Telecommunications:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Telecommunications | 12 Jun 2025 | $10M | not disclosed | daphni |
| Telecommunications | 7 Aug 2024 | $18M | not disclosed | Dragonfly |
| Telecommunications | 7 Aug 2024 | $18M | not disclosed | Dragonfly |
| Telecommunications | 17 Dec 2025 | $12M | not disclosed | Rasmal Ventures |
| Telecommunications | 29 May 2024 | $4.7M | not disclosed | Janngo |
| Telecommunications | 23 Apr 2026 | $32M | not disclosed | not named |
| Telecommunications | 17 Apr 2026 | $1.6M | not disclosed | TRICAPITAL Angels |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Northwood raise in its Series A round?
Northwood raised $30M in its Series A round, announced in Apr 2025.
Who led Northwood's Series A round?
Alpine Space Ventures and Andreessen Horowitz led it, with Also Capital, Founders Fund, Stepstone, BoxGroup and Humba Ventures and 8 more.
What was Northwood's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Telecommunications?
7 Series A rounds in Telecommunications within a year either side disclosed an amount; the median was $12M, and this round was 2.5 times the median.
Did Northwood raise again after this round?
Yes: a Series B round in Jan 2026 of $100M.