NORTHWOOD SPACE RAISES $375M AT A $2B VALUATION TO SCALE SATELLITE COMMUNICATIONS GEAR

Summary from the TLDR Hardware newsletter

Northwood Space raised a $375 million Series C at a $2 billion valuation, co-led by a16z and DFJ Growth, alongside a financing agreement with HSBC. Founded in 2022 and led by CEO Bridgit Mendler, it builds antennas and software that help satellites communicate with Earth. It raised a $100 million Series B in January and won a nearly $50 million Space Force contract to upgrade the satellite control network.