Sustainable Tech Startup Kubik Raises $5.2 Million Seed Funding To Scale Production
- Kubik, an African sustainable tech startup in Ethiopia, has raised a $5.2 million seed funding round.
- Kubik's business model of turning hard-to-recycle plastic waste into affordable building materials is well-positioned in the $2.2 trillion global affordable housing market.
- The funding will be used to scale production, expand market presence, strengthen technology, and empower female waste collectors.
Kubik's innovative approach to using plastic waste for affordable housing presents a significant opportunity for both the environment and the global affordable housing market. With the support of investors and the ability to scale production, Kubik can make a positive impact by reducing plastic waste and providing sustainable housing solutions.
