Cyclic Materials secures  million USD Series C to help it recover rare earth elements from waste

Cyclic Materials secures $75 million USD Series C to help it recover rare earth elements from waste

Cleantech company Cyclic Materials announced today that the company has closed a $75 million USD (nearly $103 million CAD) Series C equity round, its largest fundraising round to date. The Toronto-based company, which specializes in recycling end-of-life products like magnet production waste, magnet-containing end-of-life scrap, and other end-of-life products to recover rare earth elements, saw…

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Creditors sue Telesat claiming satellite operator illegally moved assets beyond their reach

Creditors sue Telesat claiming satellite operator illegally moved assets beyond their reach

A company representing bondholders of struggling Ottawa-based satellite operator Telesat filed a pair of lawsuits in Ontario and New York earlier this week alleging that the firm breached a credit agreement by executing some “fraudulent” asset transfers last year. A court document reviewed by BetaKit claims that Telesat Canada illegally moved part of its “crown-jewel”…

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At-home STD testing and new treatments are changing the game for sexual health care

At-home STD testing and new treatments are changing the game for sexual health care

BY THE OPTIMIST DAILY EDITORIAL TEAM Sexual health is getting a long-overdue upgrade. Thanks to recent approvals from the U.S. Food and Drug Administration, at-home STD testing is more accessible than ever, and it’s arriving alongside the first new gonorrhea treatments in decades. For public health experts, the timing couldn’t be better. After years of…

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Prevoir closes 0K pre-seed round to scale its AI-powered fashion platform

Prevoir closes $750K pre-seed round to scale its AI-powered fashion platform

Fashion tech startup Prevoir has closed a pre-seed funding round, raising $750,000 CAD to scale its platform. The Calgary-born company’s platform uses AI and computer vision to extract product attributes and connect them to sales and inventory data, helping fashion retailers and merchandisers curate collections, predict trends, and analyze sales performance. Prevoir closed the funding…

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