From Inc · · 1m 30s
Former Disney Channel Star Raises $375 Million for Space Startup
Bridgit Mendler's space startup Northwood secured $375 million in Series C funding to expand ground station networks and add 400 jobs.
In brief
Bridgit Mendler's space startup Northwood secured $375 million in Series C funding to expand ground station networks and add 400 jobs. Bridgit Mendler's space startup Northwood raised $375 million in Series C funding to build satellite ground stations and create 400 jobs. Originally reported by Inc.
Northwood Space Startup
Bridgit Mendler founded Northwood, a California-based satellite ground-network company, to make ground stations cheaper and faster to deploy.
Series C Funding Round
Northwood secured $375 million in Series C funding co-led by Andreessen Horowitz and DFJ Growth, with additional investors including Washington Harbour Partners and Alpine Space Ventures.
Leadership and Team
The company now has more than 140 employees and plans to add 400 jobs in Torrance, California, and Washington, D.C. over the next three years.
Satellite Ground Stations
Northwood aims to provide affordable, faster-to-deploy ground stations using antennas to communicate with satellites for space missions.
Product Solutions
Northwood's Prism product is an 8-foot antenna for satellite communications, while Portal handles satellite tracking and control with rapid beam steering.
Industry Demand
Satellite industry growth has increased demand for ground networks, with thousands of satellites needing access to ground stations annually.
Funding Impact
The Series C round enables Northwood to scale its ground station network and create 400 jobs in Torrance, California, and Washington, D.C. within three years.
Future Plans
Northwood plans to expand its ground station network and add 400 jobs in Torrance, California, and Washington, D.C. over the next three years.
What it means
Bridgit Mendler's space startup Northwood raised $375 million in Series C funding to build satellite ground stations and create 400 jobs.
