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

African defensetech startup Terra Industries, 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. Terra focuses on designing infrastructure and autonomous defense systems to help African nations monitor and respond to security threats, particularly terrorism. The company has already generated over $2.5 million in commercial revenue and protects assets valued at approximately $11 billion. This latest funding round, which also included investors like Nova Global and Resilience17 Capital, was completed in under two weeks due to strong investor confidence in Terra’s faster-than-expected traction with deals and partnerships, bringing total funding to $34 million. Since its founding, Terra Industries has expanded beyond Nigeria into other African countries and secured multiple government and commercial contracts, including a notable partnership with AIC Steel. This collaboration will establish a joint manufacturing facility