DeepCell Industries, a Seattle startup that helps develop technology for cannabis-infused products and brands, has raised $410,000 to fuel growth.
DeepCell doesn’t engage in the manufacture or distribution of cannabis products. Instead, the company develops the technology and then licenses it to distribution partners.
For example, Green Labs LLC licenses DeepCell’s Ruby Cannabis Sugar, the company’s flagship brand that uses trademarked technology to mechanically fuse cannabinoids with sucrose. DeepCell is also working on additional edible marijuana products, including a cannabis salt and another cannabis sweetener.
“We are looking to have Ruby Cannabis Sugar be a keystone ingredient for edibles,” CEO Kelly Ogilvie told GeekWire. “We want it to unleash the creative potential in the market by enabling more innovation by cooks and cannabis explorers. Our goal is to license the technology and brand nationally and someday internationally. It’s key to understand we do not manufacture or distribute — we own the IP and brand.”
The company is also developing “microfluid” technology, which involves manipulating fluids at the micro level for applications in disease detection, chemical analysis, and organic chemistry.
DeepCell Industries has four full-time employees and plans to grow its Seattle team with the fresh cash, which is part of a larger $450,000 seed round. The startup isn’t disclosing the investors participating in the round.
“This space is hot and raising now is prudent as more companies enter the space,” Ogilvie noted.