Northwood Space raises $375 million at a $2 billion valuation
Business · First reported 2 Nov, 14:22 · Updated 14:37
Northwood Space raised $375 million in a Series C round that values the satellite-ground-infrastructure company at $2 billion. The coverage also describes its plans to expand hiring and network capacity, and notes an HSBC financing facility.
- Northwood Space said it raised $375 million in a Series C co-led by Andreessen Horowitz and DFJ Growth, at a $2 billion valuation.
- The company makes antennas and software for satellite communications. The coverage says funding will support hiring, expansion, and existing contracts.
- The centre article reports plans to add 400 jobs over three years and says HSBC Innovation Banking provided a multi-year credit facility.
Summary written by Lux AI from 2 articles
Key facts
- Series C
- $375 million, co-led by Andreessen Horowitz and DFJ Growth.
- Valuation
- $2 billion.
- Planned hiring
- 400 jobs over the next three years, according to the centre article.
- Prior Space Force contract
- Nearly $50 million, as reported by the left article; the centre article specifies $49.8 million.
- HSBC financing
- The centre article reports a multi-year credit facility from HSBC Innovation Banking.
Source spectrum
Left 1 · Centre 1 · Right 0 of 2 rated sources
All coverage
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Ownership
- Unknown 50% (1)
- Corporation 50% (1)
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