Northwood Space raises $375M Series C at a $2B valuation from a16z and DFJ growth

Space infrastructure institution Northwood Space connected Monday said it had raised $375 cardinal successful a Series C circular co-led by Andreessen Horowitz and DFJ Growth, valuing the institution astatine $2 billion.

Founded successful 2022, Northwood builds antennas, bundle and different technologies that assistance satellites pass amended with Earth. Bridgit Mendler, co-founder and erstwhile actress, serves arsenic its CEO. 

The institution past raised a $100 cardinal Series B successful January, besides co-led by Andreessen Horowitz, on with a astir $50 cardinal declaration with the U.S. Space Force to upgrade the nation’s “satellite power network,” TechCrunch antecedently reported.

This latest circular besides includes a fiscal statement with HSBC that, on with the funding, volition beryllium utilized to standard the company, prosecute and fulfill existing contracts, the startup said.