Terra Industries raises additional $22m led by Lux Capital
The Nigeria-based defence technology company says its systems are deployed across land, air, and maritime environments.
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Terra Industries, a defence technology company, has raised an additional $22 million in funding, led by Lux Capital, extending its previously announced $11.8 million round and bringing total funding in the round to $34 million.
The extension included participation from existing investors, including 8VC, Nova Global, Silent Ventures, Belief Capital, Tofino Capital, and Resilience17 Capital, founded by Flutterwave CEO Olugbenga Agboola. It also included angel investors such as Jordan Nel and Jared Leto.
The new round came together in under two weeks, according to the company.
Founded in 2024 by 22-year-old Nathan Nwachuku and 24-year-old Maxwell Maduka, Terra Industries designs and manufactures autonomous defence systems for governments and infrastructure operators. The company says the systems help monitor, secure, and respond to threats across land, air, and maritime environments.
Terra Industries says its technology is already deployed to protect power plants, mines, and other critical assets across multiple African countries.
“Africa is industrialising faster than any other region, with new mines, refineries, and power plants emerging every month. But none of that progress will matter if we don’t solve the continent’s greatest Achilles’ heel, which is insecurity and terrorism,” commented Nathan Nwachuku, co-founder and CEO of Terra Industries.
To manage these risks, many infrastructure operators and governments still rely on imported security systems. These solutions can be expensive to maintain and are not always suited to local conditions. Dependence on external suppliers may also introduce geopolitical risk, supply chain disruption, and concerns over data control.
“We believe in a future where local defence technology prevails, because security is the prerequisite for all economic growth. That’s why Terra Industries is building the African defense prime that secures sovereignty and provides the necessary counterterrorism technology on the continent,” said Brandon Reeves, partner at Lux Capital.
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