Northwood Space Series C

Space infrastructure startup Northwood Space has raised $375 million in a Series C follow-on round co-led by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion. Founded in 2022, the satellite communications business previously closed a $100 million Series B in January and holds a nearly $50 million contract with the U.S. Space Force to upgrade its satellite control network. Alongside a new financial agreement with HSBC, Northwood Space will use the capital to scale operations, expand its workforce, and fulfill existing client contracts.