Ethiopian Tech Startup Kubik Raises USD 5.2 M Seed Funding
- Kubik raises $5.2 million in seed funding.
- Investors include African Renaissance Partners, Endgame Capital, and King Philanthropies.
- Kubik uses plastic waste to make low-carbon, durable, and affordable buildings.
Kubik's successful seed funding round is a significant milestone for Ethiopian startups and the country's sustainable tech industry. By utilizing plastic waste to create eco-friendly buildings, Kubik not only addresses environmental concerns but also contributes to the development of greener infrastructure in Africa. The funding will enable Kubik to expand its operations, empower female waste collectors, and further enhance its waste tracing technology.
