Carbon nanotubes (CNTs) improve the fracture toughness of polymer-based matrix composites by bridging the crack growth path. This research presents a finite element (FE) rate-dependent crack bridging model of Mode-I dynamic crack growth in CNT-reinforced polymers accounting for rate of loading and rapid crack growth. Two distinct CNT bridging and matrix cracking damage mechanisms are taken into account in the fracture process zone (FPZ) accounting for the dissipation of fracture energy. A viscoelastic-viscoplastic material model is adapted for the matrix phase to capture the strain rate effects. The crack in the matrix phase is modeled using cohesive zone elements characterized by experimental data. A rate-dependent traction-separation law obtained from CNT pull-out simulation at relevant crack opening speeds is used to simulate the CNT bridging in the FPZ. Considering the given traction-separation law as a constitutive equation, the CNTs are replaced with non-linear spring elements to facilitate the FE simulation of crack bridging with numerous CNTs in the FPZ. The proposed rate-dependent FE model for crack bridging enables the study of the effect of key CNT factors such as length, orientation, waviness, volume fraction, and agglomeration on fracture energy dissipation at various crack speeds. The developed model can simultaneously consider the interactive effects of all CNT parameters which is useful for considering all processing-induced uncertainties in analyzing the effects of CNTs on the dynamic fracture toughness of nanocomposites.