African defense tech company Terra Industries on Monday announced an additional $18 million in funding, bringing its seed round to $52 million. Investors in the round include Joe Lonsdale’s 8VC, Silent Ventures, and Nova Global.
Since its launch back in 2024, Terra has become one of the hottest names in the African defense tech space, with plans to build autonomous systems and other infrastructure like drones and mine-detecting combat vehicles. The company says it’s on track to book $100 million in contracts — including at least one federal contract — and generate revenue in the tens of millions of dollars by the year’s end.
