Satellite ground-station startup Northwood Space raises $375 million

Northwood Space, founded in 2022 to build antennas and software that help satellites communicate with Earth, has raised $375 million in a Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing it at $2 billion. The company, led by co-founder and former actress Bridgit Mendler, raised $100 million in January and holds a nearly $50 million US Space Force contract.