African defensetech startup Terra Industries has raised an additional $22 million in funding just 1 month after closing an $11.75 million round led by 8VC. The latest round was led by Lux Capital and brings the company’s total funding to $34 million. The extension round was completed in under 2 weeks, reflecting what the company described as strong investor momentum.
Founded in 2024 by Nathan Nwachuku, 22 and Maxwell Maduka, 24, Terra Industries is building infrastructure and autonomous systems to help African nations monitor and respond to security threats. Terrorism remains a major challenge across the continent and many countries rely on intelligence from Russia, China, or Western nations. In January, CEO Nwachuku said his aim was to build “Africa’s first defense prime, to build autonomous defense systems and other systems to protect our critical infrastructure and resources from armed attacks.” At that time, the company had secured its first federal contract.
Terra now serves both government and commercial clients. Nwachuku said the company has generated over $2.5 million in commercial revenue and is protecting assets worth around $11 billion. He noted that the latest funding came quickly due to “strong momentum” and “faster than expected traction” in deals and partnerships. Other investors in the round include 8VC, Nova Global and Resilience17 Capital, founded by Flutterwave CEO Olugbenga Agboola. Investors increased their commitments to move ahead of growing demand.
The Nigeria based company has expanded into other African nations, with announcements expected later this year. It has secured additional contracts, including with AIC Steel and formed a partnership to set up a joint manufacturing facility in Saudi Arabia focused on surveillance infrastructure and security systems. “It’s our first major manufacturing expansion outside Africa,” Nwachuku said. He added, “The priority is working with countries where terrorism and infrastructure security are major national concerns,” particularly in sub Saharan Africa and the Sahel region. “We’re focused on targeting major economies where the need for infrastructure security is urgent and where our solutions can make a meaningful impact. That’s how we think about expansion.”
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