Export Development Canada led a $50m Series B round in Novarc Technologies.

Export Development Canada, an export credit agency and a Crown corporation, led a $50m Series B round in Novarc Technologies, a Vancouver-based robotics company, with participation from Graham Partners, Seaspan, and InBC Investment Corp. “This new capital from this oversubscribed round will enable us to accelerate our product development, expand our market presence, and continue delivering innovative solutions that meet the evolving needs of our customers. We remain committed to pushing the boundaries of what’s possible in robotic welding, and this investment brings us one step closer to achieving our goals,” Soroush Karimzadeh, Novarc Technologies CEO.