# Steep Hill

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/steep-hill

- Industry: Medical Devices & Equipment
- Headquarters: Berkeley, US
- Website: www.steephill.com
- Total disclosed funding: $3M
- Latest round: Series A (Dec 15, 2015)
- Investors on record: 1

## About

Steep Hill, Inc. provides scientific testing and analytical services tailored for the cannabis industry, ensuring product safety and compliance with regulations through advanced methodologies and rigorous analysis.Founded in 2008 by Addison DeMoura, Brandon Thornton, and Joanne Giam, Steep Hill, Inc. is headquartered in Berkeley, US. The company focuses on providing laboratory testing services for the cannabis industry. They have completed a total of 7 deals, with their latest funding round being a Venture Debt worth USD 4.00 mn. The total amount raised by the company stands at USD 3.00 mn. Brandon Thornton serves as CEO.Steep Hill Inc. specializes in providing advanced testing and analytical services tailored for the cannabis industry. Their core offerings include a range of laboratory services that utilize sophisticated methodologies to analyze cannabinoid profiles, terpenes, and contaminants. These services address critical concerns for producers, retailers, and consumers, enabling cultivators and manufacturers to validate their products to meet both consumer expectations and regulatory requirements. The company serves a diverse client base, including cannabis growers, dispensaries, and manufacturers primarily in the North American market, emphasizing scientific rigor and transparency.Steep Hill Inc. generates revenue primarily through its laboratory testing services and consulting offerings, engaging directly with clients in the cannabis sector. Transactions occur on a business-to-business (B2B) basis, where clients submit product samples for analysis, receiving comprehensive reports detailing the findings. Their pricing structure is based on specific tests requested, offering various options catering to different client needs, including bulk testing agreements for larger producers and tailored consulting packages for new entrants in the industry. Through these transactional relationships, Steep Hill fosters long-term partnerships with its clients.Steep Hill, Inc. is exploring opportunities to expand its service offerings and geographic reach. The company intends to design and launch new testing services tailored to emerging cannabis products, with plans to introduce these offerings in the next year. Additionally, they are targeting expansion into new markets, particularly in regions such as Canada and Europe by the end of 2024. Recent funding of USD 4.00 mn from Merida Capital Partners will be utilized to support these initiatives, allowing for enhanced capabilities and market penetration.

## Funding rounds

- Series A, Dec 15, 2015, $3M — Phyto Partners

## Investors

- Phyto Partners (https://capitalatlas.ai/funds/phyto-partners) — Series A