FSL3D to Receive $10 million for Growth Equity from Summer Street Capital III

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f2To say FSL3D hit the ground running would be a bland understatement. After their stunning (to all) Kickstarter campaign for the Pegasus Touch 3D printer, raising over 800K, it’s obvious that a lot of people have a good deal of faith in FSL3D. Why is everyone so excited? Well, you have a leg up in business when you do what you know—and FSL3D knows laser technology. In melding that with the latest 3D technology, and adding even more with a touch screen, they are the superstars of the startup world right now.

After the Nevada based startup received historical funding on Kickstarter, the momentum has continued to roll, but as everyone knows, cash is king—and capital is absolutely crucial for a fledgling business. Today, this won’t be a problem for FSL3D however, as they continue to impress—and to receive backing. Adding to the growing envy of the 3D printing startup community, Summer Street Capital III, L.P. has just announced that they will be presenting parent company FSL and subsidiary FSL3D with a $10 million growth equity investment.

Nothing says “we believe in you” more than a check with lots of zeros. With this funding, FSL3D has plans to be very busy expanding their:

  • ‘World-class’ engineering department
  • Research and development, with accelerated development of their cutting/engraving and 3D printing platforms
  • Sales and marketing
  • Customer support initiatives
  • Workforce

“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.

While there is no doubt that they take the title as the latest and greatest startup out there right now, the company is reaping the rewards for great efforts and strides, beginning in laser cutting and engraving. It’s no accident that FSL and FSL3D are moving onward and upward at lightning speed.

Printer1-e1388444855541Founded by Liu, the company was started in his Nevada garage in 2010. Two Kickstarter campaigns later, totaling over $1 million, FSL and FSL3D, both creations of Stanford-alumni Liu, are responsible for designing, manufacturing, and marketing their consumer and industrial grade laser products which include cutting and engraving lasers and the much acclaimed Pegasus Touch Laser 3D Printer. With affordability and excellence in product, they are rising to the top.

“FSL has assembled a highly talented team and we’re excited by the prospects for the Pegasus Touch and the 2D laser cutters and engravers, as well as additional 3D printers FSL currently has in development utilizing other technologies and materials. Each of these product offerings has excellent growth potential,” said Garth Troxell, a partner at Summer Street Capital.

The Pegasus Touch employs a custom UV laser controlled by FSL’s proprietary laser controls. Because of FSL’s technology, they are able to offer an excellent product ‘at a fraction’ of the price. With the touchscreen as a very impressive bonus, the 3D printer boasts superb resolution, large build area, and smart internet connectivity. Since the launch of the Pegasus Touch, following the Kickstarter campaign, the company has been working on a new product, SuperVat, a low viscosity resin offering higher resolution. FSL3D plans to release details on that next year.

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With the wave of 3D printing washing over technology and nearly every sector, FSL and subsidiary FSL3D exhibit a truly revolutionary combination of innovation and experience, which is making an impact on the new technology of 3D printing.

Did you contribute to either of FSL3D’s Kickstarter campaigns? Is this a 3D printer you are interested in using or purchasing? Tell us about it in the FSL3D to Receive $10 million for Growth Equity forum at 3DPB.com.

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