African Defensetech Terra Industries Secures Additional $22M Funding

African defense technology firm Terra Industries, founded by Gen Z entrepreneurs Nathan Nwachuku and Maxwell Maduka, announced an additional $22 million in funding led by Lux Capital, bringing total capital raised to $34 million. This follows an $11.75 million round in January 2026. Terra, based in Nigeria, develops autonomous systems and infrastructure to enhance security across Africa. The company has secured government and commercial contracts, generating over $2.5 million in revenue and protecting assets valued at approximately $11 billion. Investors include 8VC, Nova Global, and Resiliience17 Capital. Terra plans to expand into additional African nations and has partnered with AIC Steel to establish a joint manufacturing facility in Saudi Arabia for surveillance and security systems. The company prioritizes countries in sub-Saharan Africa and the Sahel region facing urgent infrastructure security needs.