Ethiopian sustainable tech startup Kubik has scored a first for the country. According to a press release sent to AFROTECH™, it has raised $5.2 million in a seed round. Investors include East African venture capital firm African Renaissance Partners, Endgame Capital, and King Philanthropies. It will now further its work in using plastic waste to make affordable buildings and removing waste from the environment. Additionally, it seeks to improve its technology that will help to track waste and gather metrics on environmental impact.

Source: Ethiopian News May 02, 2024 23:43 UTC