Northwood Space raised $375 million in a Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing the space infrastructure company at $2 billion.
The company, founded in 2022, builds antennas, software, and technologies that enable satellites to communicate with Earth. Northwood's CEO is Bridgit Mendler, co-founder and former actress.
Andreessen Horowitz co-led Northwood's previous Series B in January, a $100 million round. The company also secured a nearly $50 million contract with the U.S. Space Force to upgrade the nation's satellite control network.
The Series C includes a financial agreement with HSBC. Northwood said it will use the funding to scale operations, hire staff, and fulfill existing contracts.