Loading organizations...
§ Private Profile · Nairobi, Nairobi Area, Kenya
Sustainable building materials company recycling plastic waste into low-carbon bricks, beams, and columns for affordable housing in Africa.
Kubik, based in Addis Ababa, Ethiopia, specializes in converting hard-to-recycle plastic waste into sustainable, low-carbon building materials, including interlocking bricks, beams, and columns, through a process of sorting, cleaning, and extrusion. These innovative materials are designed to address both pervasive plastic pollution and the critical shortage of affordable housing across Africa by offering durable, cost-effective construction solutions. The organization has successfully raised $3.34 million in funding to advance its mission and expand its production capabilities. Its leadership team features co-founders Kidus Asfaw and Penda, supported by key individuals such as Assefa Ayalew, Znaye Mamo, and Haimanot Mersha, who contribute to its operational and financial management. Kubik was founded in 2021 by Kidus Asfaw and Penda. Its business model centers on not specified in available sources.
Kubik has raised $5.2M across 2 funding rounds.
Kubik has raised $5.2M in total across 2 funding rounds.
Kubik has raised $5.2M in total across 2 funding rounds.
Kubik's investors include African Renaissance Partners, Jinna Li, Kartick Kumar, Andav Capital, Bestseller Foundation, GIIG Africa Fund, Kazana Fund, Plug and Play, Princeton Alumni Angels, Romain Diaz, Savannah Fund, Unruly Capital.
Kubik has raised $5.2M across 2 funding rounds. Most recently, it raised $1.9M Seed Extension in April 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 28, 2024 | $1.9M Seed Plus | — | African Renaissance Partners, Jinna LI, Kartick Kumar | Announced |
| Jun 22, 2023 | $3.3M Seed | — | African Renaissance Partners, Andav Capital, Bestseller Foundation, Giig Africa Fund, Kazana Fund, Plug And Play, Princeton Alumni Angels, Romain Diaz, Savannah Fund, Unruly Capital | Announced |