TerraIndustries Raises $22M for African Defense Tech Expansion

Terra Industries, a Nigerian defense-tech startup, secured $22 million in a follow-on funding round just one month after raising $11.8 million, becoming the most-funded African defense tech company. The round, led by Lux Capital with follow-on investments from 8VC, Nova Global, and Silent Ventures, brings total funding to $33.75 million. New investors include Belief Capital, Tofino Capital, and Resilience17 Capital (founded by Flutterwave CEO Olugbenga Agboola), plus angel investors Jordan Nel and Jared Leto. Funds will expand manufacturing, accelerate deployments across Nigeria and Africa, and hire engineering and business leaders in Africa, London, and San Francisco. CEO Nathan Nwachuku stated Africa's rapid industrialization requires solving insecurity and terrorism. Terra designs autonomous drones, sentry towers, and unmanned ground vehicles linked through ArtemisOS software for real-time threat detection. The company currently secures $11 billion in infrastructure assets and has signed multi-million dollar contracts across Africa. This funding positions Terra as Africa's first vertically integrated defense tech prime, addressing supply-chain risks in remote regions.

SOURCE: https://techcabal.com/2026/02/16/terra-industries-22million/