Northwood Space Corp. Secures $375 Million Series C Funding to Expand Global Satellite Ground Network
Northwood Space Corp. has closed a $375 million Series C equity financing round aimed at scaling its multi-orbit ground network for commercial, U.S. government, and allied space missions. The capital will be used to accelerate existing contract delivery, drive talent acquisition, and expand the company's global infrastructure footprint. The funding comes amid a surge in satellite deployment, with active satellites growing from 3,000 in 2020 to over 14,000 by late 2025. Northwood aims to address the current bottleneck in ground infrastructure by providing modular, high-throughput antenna systems and phased array technologies that can support multiple orbits simultaneously. The round was co-led by Andreessen Horowitz (a16z) and DFJ Growth, with participation from In-Q-Tel, Alpine Space Ventures, Washington Harbour Partners, and Stepstone Activate. Additionally, HSBC Innovation Banking provided a multi-year credit facility to support working capital.
Topics: Satellite communications Series C financing Space infrastructure Venture capital
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Part of the story Northwood Space Secures $375 Million Series C Funding at $2 Billion Valuation (2 articles)