Raised
Series C · Announced , as reported

Northwood raises $375M Series C co-led by Andreessen Horowitz and DFJ Growth

Northwood, a Torrance, Calif. company building a shared ground network that connects satellites to Earth, announced on 2 November that it closed a $375 million Series C round, co-led by Andreessen Horowitz (a16z) and DFJ Growth, according to the company's release. Washington Harbour Partners, which led the Series B, also took part, along with Alpine Space Ventures, Stepstone and In-Q-Tel. A separate credit facility from HSBC Innovation Banking will also support the company.

Northwood says it has deployed six multi-orbit-capable sites on two continents since its Series B, has more than 140 employees and plans to add 400 jobs over three years. These are the company's own claims.

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The story in cards

Northwood raises $375M Series C co-led by Andreessen Horowitz and DFJ Growth - card 1Northwood raises $375M Series C co-led by Andreessen Horowitz and DFJ Growth - card 2Northwood raises $375M Series C co-led by Andreessen Horowitz and DFJ Growth - card 3Northwood raises $375M Series C co-led by Andreessen Horowitz and DFJ Growth - card 4Northwood raises $375M Series C co-led by Andreessen Horowitz and DFJ Growth - card 5Northwood raises $375M Series C co-led by Andreessen Horowitz and DFJ Growth - card 6

Sources: Northwood release. Photo: Northwood, 2024 launch photo.