Business · Companies · 7 hrs ago
Northwood Space raises $375 million at a $2 billion valuation
Northwood Space raised $375 million in a new funding round, valuing the company at $2 billion.
The round was co-led by Andreessen Horowitz and DFJ Growth, and HSBC also provided a separate credit facility whose value was not disclosed.
The company builds antennas and software that help satellites communicate with Earth, and its CEO is co-founder Bridgit Mendler.
Northwood is trying to build a large network of satellite ground stations that can be expanded quickly.
It has a nearly $50 million contract with the U.S. Space Force to support the military’s Satellite Control Network.
The new money will support hiring, expansion and existing contracts, including deploying antennas at more sites around the world.
Mendler said the company plans to reach and surpass the hundreds of sites in today’s largest ground networks.
Northwood Space raised $375 million in a Series C round co-led by Andreessen Horowitz and DFJ Growth.
The funding values the company at $2 billion.
Northwood builds antennas, software and other technology for satellite communications and aims to expand its ground-station network.
The company also secured a separate, multi-year credit facility from HSBC Innovation Banking, whose value was not disclosed.
The funding and credit facility will support expansion, hiring and existing contracts.
- Who
- Northwood Space, a space infrastructure company led by CEO and co-founder Bridgit Mendler.
- What
- It raised $375 million in a Series C round at a $2 billion valuation.
- When
- November 2, 2026.
- Where
- Not stated.
- Why
- To support expansion, hiring and existing contracts, including the rollout of antennas at more ground stations.
This story does not have two clearly opposing sides.
Northwood announced a $100 million Series B and a three-year, $49.8 million contract with the U.S. Space Force.
Northwood unveiled Prism, a parabolic dish designed for multi-gigabit links.
Northwood opened a 185,000-square-foot facility in Torrance, California.
Northwood announced the closing of its $375 million Series C round.
- Series C funding
- $375 million
- Company valuation
- $2 billion
- Lead investors
- Andreessen Horowitz and DFJ Growth
- Total capital raised
- More than $500 million
- Credit facility
- Multi-year facility from HSBC Innovation Banking; value undisclosed
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