April 23, 2025 - 04:02
In a significant development for the space industry, Bridgit Mendler, CEO of Northwood, has successfully raised $30 million in a Series A funding round for her startup focused on space infrastructure. The funding was co-led by the prominent venture capital firm Andreessen Horowitz, highlighting the growing interest in innovative technologies that support space exploration and development.
During a recent discussion, Mendler emphasized the importance of building sustainable infrastructure in space, which she believes is crucial for the future of exploration and potential colonization. The funds will be allocated towards research and development, aiming to create robust systems that can support long-term missions beyond Earth.
Additionally, Dayna Grayson, General Partner at Construction Capital, shared insights on their latest $300 million fund aimed at enhancing technology within the U.S. manufacturing sector. Meanwhile, Marta Norton, Chief Investment Strategist at Empower, provided an analysis of the current landscape, noting that tech valuations are becoming increasingly accessible for investors, creating a ripe environment for innovation and growth.
