Northwood Space said on Nov. 2, Beijing time, that it has closed a $375 million Series C round led jointly by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion. Founded in 2022, the company builds infrastructure technology for satellite-to-Earth communications, including antennas and software. Northwood Space’s co-founder and CEO, Bridgit Mendler, was previously an actor. The company had earlier raised a $100 million Series B in January 2026 and signed a contract worth nearly $50 million with the U.S. Space Force. According to the report, the new capital will be used to expand operations, hire staff, and fulfill existing contracts. The company has also reached a financial agreement with HSBC. Techub cited TechCrunch for the report.
Northwood Space announced on Nov. 2, Beijing time, that it has raised $375 million in a Series C round led jointly by Andreessen Horowitz and DFJ Growth, giving the company a $2 billion valuation.
Founded in 2022, Northwood Space provides infrastructure technology for satellite and Earth communications, including antennas and software. Its co-founder and CEO, Bridgit Mendler, was previously an actor.
The company had completed a $100 million Series B round in January 2026 and signed a contract worth nearly $50 million with the U.S. Space Force. The new funding will be used to scale the business, hire staff, and carry out existing contracts. It has also entered into a financial agreement with HSBC.
Techub cited TechCrunch as the source.
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