Full Spectrum Laser garners $10M investment to boost laser 3D printing growth
Las Vegas, NV - Full Spectrum Laser LLC (FSL) and its subsidiary FSL3D, a laser 3D printing company, have received a $10 million growth equity investment from Summer Street Capital III, L.P. (Buffalo, NY), a private equity fund.
FSL will use the financing to expand its engineering and R&D teams, as well as develop sales, marketing, and customer support initiatives. The company will also accelerate development of its next-generation laser cutting, engraving, and 3D printing platforms, including FSL3D's Pegasus Touch 3D printer, to meet significant market demand.
Pegasus Touch uses a custom ultraviolet (UV) laser controlled by FSL's proprietary laser controls. Features include a large build area and smart Internet connectivity to deliver 3D content through its built-in, patent-pending, touchscreen-driven 3D Printing App Store. Soon, the company looks to add patent-pending technologies such as SuperVat, details of which will be available at the 2015 International Consumer Electronics Show (CES 2015) to take place January 6-9, 2015, in Las Vegas.
Mooreland Partners LLC (Greenwich, CT) acted as exclusive financial advisor to FSL in connection with this transaction.