Northwood Space Raises $375 Million in Series C Round

Northwood Space announced a $375 million Series C financing round on November 2, 2026. The company said it plans to use the funding to expand its workforce and deploy antennas at more ground-station sites worldwide.

Key details

• Northwood said a16z and DFJ Growth co-led the round.
• The company said its total capital raised now exceeds $500 million.
• Northwood said Bridgit Mendler, its CEO, aims to build a ground-station network with at least as many sites as the largest existing networks, which have hundreds of sites.
• The company also obtained a separate multi-year credit facility from HSBC Innovation Banking.

Northwood Space said its total capital raised has exceeded $500 million.

Why it matters

Ground stations connect satellites with users and operators on Earth. More antenna sites could expand the network capacity Northwood can offer as it develops its ground-based infrastructure.