Northwood Space raises $375M Series C at $2B valuation from a16z and DFJ Growth

Northwood Space, a company specializing in space infrastructure, announced it raised $375 million in a Series C funding round, according to TechCrunch.

The funding round was co-led by venture firms Andreessen Horowitz and DFJ Growth, valuing Northwood Space at $2 billion.

Founded in 2022, Northwood develops antennas, software, and technologies that enhance satellite communication with Earth.

The company previously raised $100 million in a Series B round earlier this year and holds a nearly $50 million contract with the U.S. Space Force to upgrade the satellite control network.

The latest funding, combined with a financial agreement with HSBC, will support scaling operations, hiring, and fulfilling existing contracts, the startup said.