Circular economy and climate tech startup Kubik has successfully completed its initial milestone in the seed investment round, raising an oversubscribed $3.34M. The Ethiopian-based startup specializes in transforming hard-to-recycle plastic waste into affordable, low-carbon building materials. The startup was recently honored as the Startup of the Year 2023 by the prestigious Global Startup Awards. By repurposing hard-to-recycle plastic waste, the startup significantly drives down material costs and carbon emissions in construction. Kubik’s successful seed funding round marks a significant milestone for the startup in its mission to transform plastic waste into affordable, low-carbon building materials.

Source: Ethiopian News June 27, 2023 04:54 UTC