African defensetech Terra Industries, founded by two Gen Zers, raises additional $22M in a month

Terra Industries, an African defense technology startup founded in 2024 by Gen Z entrepreneurs Nathan Nwachuku (22) and Maxwell Maduka (24), has rapidly raised an additional $22 million in funding led by Lux Capital, just one month after a previous round led by Joe Lonsdale’s 8VC. The company focuses on designing infrastructure and autonomous defense systems to help African nations monitor and respond to security threats, particularly terrorism. Terra aims to reduce reliance on foreign intelligence from Russia, China, or Western countries by building “Africa’s first defense prime.” The startup has already secured government and commercial contracts, generating over $2.5 million in commercial revenue and protecting assets valued at approximately $11 billion. The recent funding round, which also included investors like Nova Global and Resilience17 Capital (founded by Flutterwave CEO Olugbenga Agboola), was completed in under two weeks due to strong investor confidence driven by faster-than-expected traction in deals and partnerships. This brings