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

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

Terra Industries, the African defense company, announced Monday that it had secured an additional $22 million in funding to further expand the business.

Nigerian Defense Tech Startup Terra Industries Raises Additional US$22 Million

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/nigerian-defense-tech-startup-terra-industries-raises-additional-us22-million/Terra Industries, an Abuja-based defense technology company, has secured an additional $22 million in funding led by Lux Capital, extending a previously announced round and bringing total capital raised to $34 million. The extension, which closed in under two weeks, included…

Terra Industries Raises Additional $22M to Protect Africa’s Critical Infrastructure

Defense technology company Terra Industries has raised an additional $22 million in funding to protect Africa’s critical infrastructure. Lux Capital led the funding with participation from existing investors, including 8VC, Nova Global, Silent Ventures, Belief Capital, Tofino Capital, and Resilience17 Capital, founded by Flutterwave CEO Olugbenga Agboola, as well as angel investors such as Jordan Nel and Jared Leto. The funding, which brings the…

West Africa’s Terra Raises $22M More to Scale Autonomous Security Systems

In January, Terra, a West Africa-based startup building autonomous security systems, announced that it had raised $11.75 million.  Now, the company has raised an additional $22 million. The round was led by Lux Capital and Olugbenga Agboola, the co-founder of the Nigerian unicorn, Flutterwave. Existing backers like Joe Lonsdale’s 8VC and Nova Global doubled down. The company says the round closed in under two weeks. For a startup founded in 2024…

Flutterwave CEO joins $22 million Terra round

Flutterwave chief executive Olugbenga Agboola has joined a $22 million funding round for Nigerian defense tech startup Terra Industries, adding fresh fintech star power to a young company selling security systems to governments and businesses across Africa.The round was led by Lux Capital and closed quickly, Terra said, coming just weeks after the startup raised $11.75 million in a deal spearheaded by venture firm 8VC. With the new money include…

Terrahaptix Secures Additional $22m from Investors, Valuation Hits $100m

By Adedapo Adesanya Nigerian defence technology startup, Terra Industries, has extended its funding round to $34 million after securing an additional $22 million from investors, making it a $100 million company. The new capital round was led by venture firm Lux Capital, with injections from the chief executive officer of Lagos-based unicorn Flutterwave, Mr Gbenga […]