Egyptian recycling technology startup Bekia has raised $765,000 in seed funding to expand its platform and launch a B2B software product.
The round was led by Madica, the Africa-focused investment programme affiliated with Flourish Ventures. Catalyst Fund, which first backed Bekia in 2023, participated again, alongside Dakar-based Jambaar Capital.
Founded in 2019 by Alaa Afifi, Bekia connects households with waste collectors and records the weight, grade and payment for collected materials. The company said it has diverted more than 25,000 tonnes of waste from landfill, served over 100,000 customers and helped more than 2,400 people earn through its network. It has also grown more than sevenfold since 2023.
Bekia will use the funding to expand its engineering team, launch Bekia Next and test its model in a second African market. The B2B product will turn collection data into verified CO₂-avoidance certificates for corporate clients and will be offered as a subscription.
The startup generates revenue from enterprise contracts, household collections and refurbished electronics. According to the announcement, enterprise retention is above 95%.
Source: Wamda
