Oneka Raises $12.5M

Sherbrooke, Que.-based Oneka Technologies has closed the $12.5 million first tranche of its Series A funding round, which included Invest Nova Scotia and was led by British Columbia’s Hoffecker family, with plans to raise up to another $10 million.
Oneka is developing seawater desalination buoys powered by wave energy in an effort to address the high energy requirements of conventional systems.