A venture capital firm investing in emerging technologies and innovative startups.
Terra Industries Raises $52 Million, Betting Africa’s Defense Market Wants Drones Made at Home
Terra Industries raised $18 million, closing its seed round at $52 million. The company plans to open its first international office in London.
1001 Strengthens GCC AI Ambitions With $30 Million Series A Funding
1001 secures $30 million in Series A funding led by Lux Capital. Investors include Sanabil Investments, 9Yards, and angel investors from the tech industry.
Terra Industries to build Africa’s largest drone factory in Ghana
Terra Industries announced the construction of Pax-2, a 34,000-square-foot drone manufacturing facility in Accra, Ghana. The factory is expected to reach an annual production capacity of 50,000 units by 2028 and create 120 engineering jobs.
Nigerian Defense Tech Startup Terra Industries Raises $22M Extension Round, Total Funding Reaches $34M
Terra Industries raised an additional $22 million in funding led by Lux Capital. The funding round was completed in under two weeks, following an earlier $11.75 million round.
Defence-tech startup Terra Industries raises $22 million one month after record round
Terra Industries raised an additional $22 million in funding, led by Lux Capital. The funding round was completed in under two weeks, which is unusually fast for African startups.
