Series C · Space tech
Northwood Space raises $375 million Series C at $2 billion valuation
Andreessen Horowitz and DFJ Growth co-led the satellite ground-infrastructure company’s round.
Northwood Space has raised $375 million in a Series C co-led by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion.
The company builds antennas, software and ground infrastructure that connect satellites with Earth. It will use the funding to scale operations, hire staff and deliver existing contracts.
Led by co-founder and CEO Bridgit Mendler, Northwood previously raised a $100 million Series B in January. The latest announcement also includes a financial agreement with HSBC, whose terms were not disclosed.
Use of funds
Scale ground infrastructure
Hire staff
Deliver existing contracts
Funding history
Series C · This round$375M
Series B$100M