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Business

Terra lands fresh $22m investment weeks after $11.8m round

Terra Industries, a Nigerian defence-technology startup that develops drones and location-monitoring software, has secured an additional $22 million in funding, just one month after raising $11.8 million in what was Africa’s largest defence-tech round. The latest raise, completed in less than two weeks and led again by Lux Capital, included follow-on investments from 8VC, Nova […]

Business

Nigerian startup Terra Industries secures $11.75m funding

Terra Industries, a defense technology startup founded by 22-year-old Nathan Nwachuku and 24-year-old Maxwell Maduka, has secured $11.75 million to address Africa’s rising security challenges with locally developed defense solutions. The company revealed the milestone on Monday in a statement, marking its emergence from stealth mode as it begins scaling autonomous security systems aimed at […]