Northwood Space Secures $375 Million Series C Funding at $2 Billion Valuation
Space infrastructure startup Northwood Space has raised $375 million in a Series C funding round co-led by Andreessen Horowitz and DFJ Growth. The investment brings the company's valuation to $2 billion. Founded in 2022, the firm specializes in developing antennas, software, and communication technologies designed to enhance satellite-to-Earth connectivity. The capital infusion, supplemented by a financial agreement with HSBC, is earmarked for scaling operations, expanding headcount, and fulfilling existing contracts. This follows a significant $100 million Series B round in January and a nearly $50 million contract with the U.S. Space Force to upgrade the national satellite control network.