Northwood Space raises $375M, valued at $2B

Space infrastructure company Northwood Space said Monday it raised $375 million in a Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion.

Founded in 2022, Northwood builds antennas, software and other technologies meant to help satellites communicate better with Earth. Co-founder Bridgit Mendler, a former actress, is its CEO.

TechCrunch previously reported that the company last raised a $100 million Series B in January, also co-led by Andreessen Horowitz, along with a nearly $50 million contract with the U.S. Space Force to upgrade the nation’s “satellite control network.”

The latest round also includes a financial agreement with HSBC that, along with the funding, will be used to scale the company, hire staff and fulfill existing contracts, the startup said.