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Ethiopia: Converting plastic waste into affordable homes

Ethiopia: Converting plastic waste into affordable homes
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Czech republicCoted ivoireUnited statesAddis ababaAboubacar kampoPenda marreKidus asfawAfrica fundBestseller foundationKazana fundWorld bankSavannah fundUnruly capitalAfrican renaissance partnersPrinceton alumni angels

Ethiopia s Kubik raises $3 34m seed round to scale sustainable building tech

Ethiopia s Kubik raises $3 34m seed round to scale sustainable building tech
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South africaKidus asfawPenda marreJoel holsingerSavannah fundAfrica fundUnruly capitalAfrican renaissance partnersPrinceton alumni angelsWill abbeyMaex ament

Ethiopia: Startup of the Year Kubik Raises USD 3 34M Seed to Scale Sustainable Building Tech in First Market

Kubik, a pioneering startup specializing in the transformation of hard-to-recycle plastic waste into affordable, low-carbon building materials, announced the successful completion of the initial milestone in its seed investment round on June 23, 2023.

France generalJoel holsingerMbwana alliyRomain diazKidus asfawMatthew claxtonPenda marreAfrica fundCommunications onInternational finance corporationPartner at savannah fundSavannah fundUnruly capitalAfrican renaissance partnersPrinceton alumni angelsWill abbey

Kubik raises $3 34M to build sustainable homes from recycled plastic waste

With only 4% of Africa’s plastic waste recycled, and efforts to reduce plastic waste in the continent seeming like a distant dream, this Ethiopian cleantech startup is on a mission to change that by converting plastic waste into affordable, environmentally-friendly construction materials.

Coted ivoirePenda marreKidus asfawSavannah fundAfrica fundUnruly capitalAfrican renaissance partnersPrinceton alumni angelsAndav capitalFounders kidus asfawGreen africa

Plastic upcycling startup Kubik closes $3 34M seed to scale production in Ethiopia

Kubik turns hard-to-recycle plastic waste into affordable building materials including bricks, columns, beams, and jambs

Penda marreRomain diazKidus asfawAfrica fundBestseller foundationKazana fundSavannah fundStartup awardsUnruly capitalAfrican renaissance partnersPrinceton alumni angelsClimate tech