Nigerian Defense Tech Startup Terra Industries Raises $11.75M to Protect Africa's Critical Infrastructure
By iMedia Editorial Team
Two young Nigerian founders have raised $11.75 million from top US investors to build Africa's first defense prime. Here is what foreign investors should know about this emerging sector.
In a landmark deal that signals the maturation of Nigeria's tech ecosystem, defense technology startup Terra Industries has emerged from stealth with $11.75 million in funding led by Joe Lonsdale's 8VC. The company, founded by 22-year-old Nathan Nwachuku and 24-year-old Maxwell Maduka, is building autonomous systems to protect critical infrastructure across Africa. The Investment Funding Details Lead Investor: 8VC (Joe Lonsdale) Other Investors: Valor Equity Partners, Lux Capital, SV Angel, N...
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