Northwood Space raises $375M Series C at $2B valuation led by a16z and DFJ Growth
Space infrastructure company Northwood Space announced a $375 million Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion. Founded in 2022 and led by CEO Bridgit Mendler, it builds antennas and software that improve satellite-to-Earth communication. The round includes a financial agreement with HSBC. The funds will be used to scale the company, hire staff and fulfill existing contracts. It follows a $100 million Series B in January and a nearly $50 million U.S. Space Force contract to upgrade the satellite control network. The article reports business news only and describes no threat, vulnerability or security incident.
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Northwood Space raises $375M Series C at $2B valuation led by a16z and DFJ Growth
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Space infrastructure company Northwood Space announced a $375 million Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion. Founded in 2022 and led by CEO Bridgit Mendler, it builds antennas and software that improve satellite-to-Earth communication. The round includes a financial agreement with HSBC. The funds will be used to scale the company, hire staff and fulfill existing contracts. It follows a $100 million Series B in January and a nearly $50 million U.S. Space Force contract to upgrade the satellite control network. The article reports business news only and describes no threat, vulnerability or security incident.