Terra Industries Extends Seed Round by $18 Million to $51.7 Million Total
Updated
Updated · Condia · Aug 17
Terra Industries Extends Seed Round by $18 Million to $51.7 Million Total
1 articles · Updated · Condia · Aug 17
Summary
$18 million in fresh funding has lifted Nigerian defence tech startup Terra Industries' seed round total to $51.7 million, marking its second extension this year.
The raise follows a $11.7 million round announced in January and another $22 million in February, showing sustained backing for the company's strategy and growth plans.
8VC and Nova Global returned again in the latest extension, joined by existing investors Silent Ventures, Belief Capital and SV Angel.
Norleo Space Investments and angel investor Grant Gordon entered the round as new backers, broadening Terra Industries' investor base as it scales.