GoKawiilNorthwood Space lands $375M Series C, hits $2B valuation
Northwood Space, a ground infrastructure startup building antennas and software for satellite communications, announced a $375 million Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion. The round includes a financial agreement with HSBC, and funds will go toward scaling operations, hiring, and fulfilling existing contracts. Founded in 2022 and led by CEO Bridgit Mendler, the company previously raised a $100 million Series B in January and secured a nearly $50 million U.S. Space Force contract.
GoKawiil's interpretation of the reporting above, not reported fact.
The rapid jump from a $100 million Series B to a $2 billion valuation within months suggests investors see strong demand for ground infrastructure as satellite constellations multiply. Backing from repeat investor Andreessen Horowitz alongside a banking partner like HSBC could signal confidence in both commercial and government contract pipelines for the company. The Space Force relationship may also position Northwood as a key supplier for upgrading national satellite control systems.
- Northwood Space raised $375M in a Series C led by a16z and DFJ Growth, reaching a $2B valuation.
- The round follows a $100M Series B in January and a nearly $50M U.S. Space Force contract.
- Funds, plus an HSBC financial agreement, will support hiring, scaling, and contract fulfillment.
Source: techcrunch.com — Dominic-Madori Davis, 2026-11-02
Published there as: “Northwood Space raises $375M Series C at a $2B valuation from a16z and DFJ growth”
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