Range Light, a ‘non-traditional capital investment firm’, has launched a new investment platform focused on the healthy, active lifestyle space. A release from the company notes that Erich Tengelsen, Steve Groya and Tao Huang founded Range Light in 2012, and together they have created a new investment model driven by their core values of integrity, partnership, collaboration, culture and community.
Range Light’s passion for the healthy, active lifestyle space is rooted in their years of participation as individuals, and alongside their family and friends in a wide array of events and active pursuits.
“Our primary motivation with Range Light Active is to help and inspire people to live and experience a healthy, active lifestyle,” said Erich Tengelsen, Range Light Managing Partner. “We are looking forward to using our capital and experience as a resource for business owners in this industry.”
Range Light’s non-traditional investment approach is unique and designed to give business owners an alternative to the more conventional sources of financing. The partners of Range Light are ‘patient investors who invest their own personal capital alongside like-minded business owners that share the same values-driven mind-set in building business with an eye towards sustainability and long-term growth, not simply just short-term profits.’
The Range Light team brings a combined 75 years of successful investment and operational experience from various companies and industries. Each Range Light partner has forged a different path that collaboratively offers business experience and knowledge.
“Our goal is to work with passionate business owners that could benefit by having a team like ours in their camp,” shared Steve Groya, Range Light Managing Partner.
Range Light is looking to partner with 3-5 businesses in the active lifestyle industry and invest up to US$20 million per investment. The firm is actively in communication with companies and leaders in the space and will be in Austin, Texas, from 3-5 December in conjunction with The Running Event.
Those interested in learning more about opportunities with Range Light can contact Steve Groya, steve.groya[at]rangelightllc.com.
Range Light is a Chicago-based investment firm founded in 2012 by Erich Tengelsen, Steve Groya and Tao Huang as an ‘alternative to the traditional capital investment opportunities available in the marketplace for business leaders seeking capital and strategic resources.’
Range Light notes that it is a values-focused organization that utilizes a long-term approach to investing the partners’ personal capital alongside like-minded business leaders that can benefit from Range Light’s collective wealth of experience.
Range Light is seeking to invest its capital and operational experience across three industries ¬ Active Lifestyle, Information & Technology and Business Services.
