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

Northwood Space, a space infrastructure company, has raised $375 million in a Series C round, valuing it at $2 billion. The round was co-led by Andreessen Horowitz and DFJ Growth. The company will use the funding to scale and fulfill existing contracts, including a nearly $50 million contract with the US Space Force. Northwood Space was founded in 2022 and builds antennas, software, and other technologies to improve satellite communication.