Northwood Space raises $375 million, valued at $2 billion

Northwood Space, a satellite communications infrastructure company, raised $375 million in a Series C funding round, valuing the company at $2 billion. The round was co-led by Andreessen Horowitz and DFJ Growth, according to TechCrunch. Founded in 2022, the company develops antennas and software that enable satellites to communicate with ground stations, building out the communications infrastructure that supports satellite operations. The funding comes just months after Northwood raised a $100 million Series B in January, also with Andreessen Horowitz as a co-lead. The rapid funding cadence underscores growing investor interest in ground-station and satellite connectivity infrastructure as commercial space activity expands. Watch for how Northwood deploys the new capital to scale its antenna network and whether it secures additional major customers in the satellite industry.