MondouxRollins Partners Proud to be a Service Provider in a $50M Series B Funding Round Led by EDC (Export Development Canada) for Novarc Technologies
March 19, 2025
Ottawa, ON
MondouxRollins Partners is pleased to have acted as a service provider to EDC (Export Development Canada) in its latest meaningful investment. EDC led a financing that provides $50M in capital to Novarc Technologies, a leader in collaborative robots and software for welding automation.
“Congratulations to Novarc’s Co-Founder and CEO Soroush Karimzadeh and to Erik Brien-Wright and his team at EDC,” said Jennifer Mondoux, Managing Partner and CEO, MondouxRollins Partners. “Novarc is an incredibly innovative full-stack AI robotics company specializing in the design and manufacturing of automated welding solutions and a proven pioneer in the field of welding automation. We are thrilled on their behalf for this significant investment.”
For more information, see the press release as well as additional information on LinkedIn.
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About MondouxRollins Partners Inc.:
MondouxRollins Partners Inc. is a human capital advisory and leadership talent solutions firm. We are a group of specialists, equipped with decades of experience providing talent solutions for private companies. We are risk-mitigators, trusted advisors and relationship-builders, and we are your one-stop-shop through the entire talent lifecycle - for your team, or for your board. We are also the founders of the Canada’s Best Private Boards program, a first-of-its kind national and annual awards program that recognizes the impact of governance on the performance of private companies.
About Export Development Canada (EDC):
Export Development Canada (EDC) is a Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, they help Canadian companies to navigate, manage and take on risk to support their growth beyond Canada’s borders. Since 1944, businesses of all sizes and sectors have counted on EDC for the export knowledge and financial solutions they need to succeed in global markets. Beyond EDC’s solutions, they believe that sustainable, responsible and inclusive trade is a powerful force for good in Canada and around the world.
About Novarc Technologies:
Novarc Technologies is a Vancouver-based full-stack AI robotics company specializing in the design and commercialization of collaborative robots for industrial applications. Novarc’s Spool Welding Robot (SWR) is the world's first of its kind in pipe welding application. As a proven pioneer in the field, Novarc has a dedicated team of engineers and scientists eager to solve challenging industrial automation problems that improve customers' bottom line.
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