Diligence memo · auto-generated · as of July 2, 2026
Kubik
Kubik has raised $3.3M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Kubik is a private company, based in Ethiopia, Africa. Ethiopia’s Kubik, which specialises in the transformation of hard-to-recycle plastic waste into affordable, low-carbon building materials, has raised US$3.34 million via an oversubscribed seed round of funding to help it scale.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Kubik has raised $3.3M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.3M on 2023-06-29.
Most recent recorded round closed around 2023-06-29.
Valuation (modeled)modeled
Provath models Kubik at approximately $20M (range $3.0M–$71M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Not enough dated financing history to read a financing rhythm.
Comparablesmixed
Capital scale ranks ahead of 99% of sector peers (8525 compared).
Modeled value ranks above 98% of those peers.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.