Financing marks 17th transaction advised this year by leading global technology advisor, Mooreland Partners
Las Vegas, Nevada / Buffalo, New York — November 12, 2014 — Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it has acted as the exclusive financial advisor to Full Spectrum Laser LLC (FSL), and its FSL3D subsidiary, on its $10 million growth equity investment from Summer Street Capital III, L.P. The financing marks the 17th transaction advised by Mooreland Partners this year, and the second successful assignment in the 3D printing sector since the beginning of 2014.
“Full Spectrum Laser has experienced significant growth in its legacy laser cutters and engravers business. The team has done a great job repurposing its proprietary IP to create a 3D printer known within the industry for its quality, ease of use and compelling price point,” said Bryan Dow, Executive Director, Mooreland Partners. “Bringing FSL and Summer Street together has created a well-capitalized leader in subtractive and additive manufacturing.”
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 over $1 million previously raised from two successful Kickstarter campaigns.
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.