Space

Northwood Space Raises $375M Series C at $2B Valuation

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 02/11/2026, 10:35:24 UTC.

Briefings

Northwood Space closed a $375M Series C round valued at $2B, raising $500M+ total capital. The round was led by a16z and DFJ Growth, with additional investors including Alpine Space Ventures, Washington Harbour Partners, Stepstone Activate, and In-Q-Tel. The company secured a separate multi-year credit facility from HSBC Innovation Banking. CEO Bridgit Mendler stated the goal is to build the world's largest ground-station network, expanding beyond current hundreds of sites to surpass that number. The company also secured a three-year $49.8M contract with the Space Force for the Satellite Control Network and unveiled a new parabolic dish called Prism for multi-gigabit links.

Key points

• Northwood Space closed a $375M Series C round led by a16z and DFJ Growth, raising $500M+ total capital.
• The company secured a separate multi-year credit facility from HSBC Innovation Banking of undisclosed value.

Context

Northwood Space is developing the world's largest ground-station network to support satellite operators and defense users. The company previously raised $100M in Series B and secured a $49.8M three-year contract with the Space Force. CEO Bridgit Mendler aims to expand the network to surpass hundreds of sites, using standardized, modular hardware that can be shipped globally in months.

Limitations

Evidence covers only the Series C closing, capital raised, and recent strategic moves. Specific numbers for the credit facility are undisclosed. The company's long-term network expansion targets and future financial projections are not detailed in the provided text.

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