Northwood Space secures $375M Series C funding at $2B valuation

Space infrastructure firm Northwood Space has closed a $375 million Series C funding round. The round was co-led by Andreessen Horowitz and DFJ Growth, setting the company’s valuation at $2 billion.

Founded in 2022 and led by CEO Bridgit Mendler, the company specializes in developing antennas and software designed to improve satellite-to-ground communication. The firm has previously secured significant government interest, including a $50 million contract with the U.S. Space Force to support satellite control network upgrades.

In addition to the equity funding, the transaction includes a financial agreement with HSBC. The company stated that the new capital will support organizational scaling, recruitment efforts, and the delivery of existing contractual obligations.