Nevada Legal Team Helps Full Spectrum Laser Land $10 Million Financial Investment
Holland & Hart LLP recently represented Full Spectrum Laser LLC (FSL) and its FSL3D subsidiary on its $10 million growth equity investment from Summer Street Capital III, L.P.
Founded in 2010 in a Las Vegas garage by a Stanford PhD, FSL and wholly-owned 3D printing subsidiary FSL3D, designs, manufactures, and sells a full range of consumer and industrial grade laser products including cutting/engraving lasers and the Pegasus Touch Laser 3D Printer. FSL creates superior price/performance products through an emphasis on innovation and engineering excellence, with more than $1 million previously raised from two successful Kickstarter campaigns.
“Our partnership with Summer Street represents a significant milestone in our strategic growth plan. We are excited to accelerate our already rapid growth in the 3D printing market and continue to expand our laser cutting and engraving business,” said Henry Liu, PhD, Founder and CEO of FSL and FSL3D.
FSL3D's first generation 3D Printer, Pegasus Touch, builds upon FSL's long laser heritage and expertise. By using a custom UV laser controlled by FSL's proprietary laser controls, Pegasus Touch is able to deliver professional quality results at a fraction of the price of previous laser 3D printers.
The Pegasus Touch offers best-in-class resolution, a large build area, and smart internet connectivity to deliver 3D content through its built-in patent pending touchscreen-driven 3D Printing App Store. The combination of impressive features and attractive price point make Pegasus Touch perfectly suited for a broad array of end markets, with customer demand spanning both enterprise and consumer uses. FSL looks to democratize high quality 3D printing with its revolutionary patent pending technologies such as SuperVat™, details of which will be available at CES 2015.
Founded in 1999, Summer Street Capital Partners LLC is a Buffalo, NY-based fund manager with in excess of $440 million of private equity capital. The firm invests alongside talented managers, bringing capital and resources to support aggressive growth strategies and acquisitions.
The Nevada-based Holland & Hart legal team included corporate of counsel Gian Brown, litigation partner Bryce Kunimoto and IP partner Bob Ryan.