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Northwood Space raises $375M Series C at a $2B valuation from a16z and DFJ Growth
TechCrunch • • business
Key Points:
- Northwood Space raised $375 million in a Series C funding round co-led by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion.
- Founded in 2022, Northwood Space develops antennas, software, and technologies to enhance satellite communication with Earth.
- The company’s CEO is Bridgit Mendler, co-founder and former actress.
- Northwood previously raised $100 million in a Series B round in January and secured a $50 million contract with the U.S. Space Force to upgrade the satellite control network.
- The latest funding round includes a financial agreement with HSBC to support scaling, hiring, and fulfilling existing contracts.
