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Northwood Space Raises $375M Series C at $2B Valuation from a16z and DFJ Growth
Key points
- Northwood Space raised $375 million in Series C funding.
- The funding round values the company at $2 billion.
- Andreessen Horowitz and DFJ Growth co-led the investment.
- Funds will be used for scaling, hiring, and contract fulfillment.
Series C Funding Round
Northwood Space announced it has raised $375 million in a Series C funding round. The investment was co-led by Andreessen Horowitz (a16z) and DFJ Growth. This latest funding round establishes Northwood Space's valuation at $2 billion.
Company Focus and Previous Funding
Founded in 2022, Northwood Space specializes in space infrastructure, developing antennas, software, and other technologies that facilitate satellite communication with Earth. Bridgit Mendler, co-founder and former actress, serves as the CEO.
The company previously secured a $100 million Series B round in January, also co-led by Andreessen Horowitz. Additionally, Northwood Space holds a nearly $50 million contract with the U.S. Space Force to upgrade the nation’s satellite control network.
Future Plans
The $375 million Series C funding, combined with a financial agreement with HSBC, will be allocated towards scaling the company's operations, expanding its workforce, and fulfilling existing contractual obligations.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Northwood Space, a space infrastructure company, secured $375 million in Series C funding, co-led by Andreessen Horowitz and DFJ Growth, bringing its valuation to $2 billion. The company develops antennas and software to improve satellite communication with Earth, and the new capital will support scaling operations, hiring, and fulfilling existing contracts.