Terra Industries Secures $22M for African Defense Tech

Just one month after an $11.75 million funding round, African defensetech company Terra Industries announced a significant new investment of $22 million, led by Lux Capital. This latest funding brings the company's total capital raised to $34 million since its launch in 2024 by founders Nathan Nwachuku and Maxwell Maduka.

Terra Industries focuses on developing infrastructure and autonomous systems crucial for African nations to monitor and counter threats, particularly terrorism. The company aims to establish Africa's first prime defense contractor. Terra has already secured government and commercial contracts, generating over $2.5 million in commercial revenue and protecting assets valued at around $11 billion.

The company is strategically expanding its operations. Terra Industries has initiated its first major manufacturing expansion outside Africa, establishing a joint facility in Saudi Arabia with AIC Steel. This facility will focus on surveillance infrastructure and security systems. The company is also extending its reach into other African nations, prioritizing countries where terrorism and infrastructure security are critical national concerns.

Terra Industries is actively working with countries in sub-Saharan Africa and the Sahel region, which have faced significant losses in infrastructure and lives. The company's urgent mission is to provide impactful solutions for major economies facing pressing security needs. This recent funding underscores strong investor confidence in Terra's rapid traction and market impact.