Northwood Space raises $375M Series C at $2B valuation

Northwood Space, a US spacetech startup co-founded by Bridgit Mendler, raised $375 million in a Series C round at a $2 billion valuation. Andreessen Horowitz and DFJ Growth led the round, with Washington Harbour Partners, Alpine Space Ventures, StepStone and In-Q-Tel also participating. The company said the funds will cover existing contracts, hiring and expansion of its ground network for commercial, US Government and allied missions. HSBC Innovation Banking provided a multi-year credit facility alongside the equity round. Site and network expansion is scheduled for the first half of 2027, which the company said will test Mendler's claim that Northwood faces very little competition at scale.

AI-generated from reports · 2 hours agoUpdate

Not enough continuous observation data yet; trend chart is not drawn for now.