Ethiopia’s Kubik raises an additional $1.9 million seed to scale
- Kubik, an Ethiopian startup, has raised $1.9 million in a seed extension round to expand its operations in recycling plastic waste into building materials.
- The funding comes from African Renaissance Partners, Endgame Capital, and King Philanthropies.
- Kubik plans to expand its operations in Addis Ababa and across Africa in 2025.
The success of Kubik in raising funds and expanding its operations highlights the growing demand for environmentally friendly building materials and the urgent need to address plastic waste in Africa. The startup's innovative approach not only tackles the waste issue but also provides affordable and sustainable solutions for the construction industry. This investment will enable Kubik to scale its operations, empower waste collectors, and contribute to the reduction of plastic pollution.
