Nigerian defence-tech startup Terra Industries raised additional $22 M funding

Terra Industries, a Nigerian defense technology startup, has raised an additional US $22 million to solidify its standing as one of Africa’s most ambitious developers of critical infrastructure autonomous security systems.

Terra Industries, which was founded in 2024 by Nathan Nwachuku and Maxwell Maduka and has its headquarters in Abuja, creates and implements multi-domain defense systems that cover the air, land, and eventually the sea in order to monitor, detect, and respond to threats like terrorism, sabotage, and armed attacks on vital assets.

The US venture capital firm 8VC, founded by Palantir co-founder Joe Lonsdale, led the company’s US $11.75 million funding round last month, according to media reports. Valor Equity Partners, Lux Capital, SV Angel, Leblon Capital, Silent Ventures, Nova Global, and angel investor Micky Malka also participated.

With this new funding, Terra Industries has raised a total of $34 million, including an additional US $22 million. In addition to partnering with AIC Steel to build a joint manufacturing facility in Saudi Arabia, the company has begun expanding into other African nations, with announcements anticipated later this year.

“Africa is industrialising faster than any other region. But none of that progress will matter if we don’t solve the continent’s greatest Achilles’ heel – insecurity and terrorism,” said Nwachuku.

“The priority is working with countries where terrorism and infrastructure security are major national concerns.”