Northwood Space Boosted in Series B Round by Balerion Space Ventures
Investment Advances Balerion’s Thesis on Mission-Critical Infrastructure
A strategic investment has been made by Balerion Space Ventures in the Northwood Space $100 million Series B round. The company says its investment represents its continued deployment of capital into the foundational infrastructure powering the emerging space economy, and reinforces the firm’s position as an investor in companies building the critical systems required to scale space operations.
“Private capital is accelerating the commercialization of space at an unprecedented pace.”
Phil Scully, Balerion Space Ventures.
The investment reflects Balerion’s conviction that the next phase of value creation in the space economy will be driven by infrastructure companies addressing real operational constraints. As orbital activity accelerates and satellite constellations scale, ground systems have emerged as a defining limitation. Northwood’s vertically integrated approach aligns directly with Balerion’s strategy of backing foundational platforms that unlock scale across commercial and government missions.
“Private capital is accelerating the commercialization of space at an unprecedented pace,” said Phil Scully, Co-Founder and General Partner at Balerion Space Ventures. “As launch costs collapse, the bottleneck shifts to Earth. Ground infrastructure is the critical foundation every orbital mission depends on, and the companies building that enabling layer will define the space economy for decades to come. That’s where Balerion invests.”
Northwood also announced a $49.8 million contract award from the U.S. Space Force to upgrade the Satellite Control Network, validating the dual-use value proposition that is central to Balerion’s portfolio strategy across space and defense technologies.
Balerion’s investment in Northwood follows the firm’s recent announcements of investments in Antares Industries, Samara Aerospace, and Valar Atomics, demonstrating the firm’s systematic approach to backing mission-critical platforms across launch, in-orbit systems, advanced manufacturing, energy, and dual-use defense technologies. The firm’s multi-disciplinary team leverages deep expertise in aerospace engineering, venture capital, and institutional investing to identify and support companies building the backbone of the new space economy.