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Nigerian defence startup Terra Industries raises record $52m seed round
📈 Business

Nigerian defence startup Terra Industries raises record $52m seed round

Terra Industries, a Nigerian defence tech startup founded in 2024 by Nathan Nwachuku and Maxwell Maduka, has raised a record $52m seed round — reportedly the largest ever by an African startup. The company produces drones for air and land surveillance and has developed an operating system for threat detection across connected systems. It is opening a London office and nearing completion of what will be Africa's largest drone factory at the Pax-2 site in Ghana.

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