Announcing Our New Name, Ridgeline Ventures, and Two New Investments
We’re excited about a couple of announcements laid out here in this press release…
Range Light Rebrands to Ridgeline Ventures, Announces Two New Investments
Rebrand and New Investments Reinforce Ridgeline Ventures’ Mission of Investing in Companies That Help People Live a Healthy Lifestyle
BOULDER, Colo. – July 6, 2017 – Ridgeline Ventures, a Boulder, Colorado-based investment firm, announced the firm’s rebrand from its previous name of Range Light while simultaneously announcing two new investments into natural food companies, bringing its growing portfolio of healthy living companies to six.
Previously known as Range Light, the firm rebranded to Ridgeline Ventures as it separated from the Chicago-based arm of Range Light that now invests exclusively in technology companies. “Our new name and brand reflect the focus we’ve always placed on investing in great teams in healthy living categories and helping those teams focus on the right priorities to grow,” said Erich Tengelsen, Founder and Managing Partner.
The firm’s new investments include NOKA Organics, a pouch-format smoothie company based in Park City, Utah, and Beanfields, a bean and rice tortilla chip brand based in Los Angeles that recently announced Mark Rampolla, founder of ZICO Coconut Water, as the CEO. “Both of these companies have exceptional teams driving innovative plans in the portable nutrition and snacking space and we’re excited to be part of their futures,” said Erich.
These investments come on the heels of Ridgeline Ventures’ investments earlier this year into BOBO’s, the baked-from-the-heart oat bar brand, and Cotopaxi, producers of active lifestyle apparel and outdoor ‘Gear-For-Good.’
Formed in 2013, Ridgeline Ventures grew out of Erich’s passion for living a healthy lifestyle and working collaboratively with exceptional people. He grew his previous company from 5 employees to nearly 400 before exiting to focus on Ridgeline. “I believe there is a need in the market to bring more to a company than just capital. We’re a partner who can bring additional value based on our experience and success building and scaling companies,” said Erich.
One of Ridgeline’s unique propositions to companies is that the firm’s capital base consists entirely of partner capital. “By investing our own capital, we’re able to align with founders for the long run while maintaining flexibility to invest over the lifecycle of a company,” said Luke Vernon, a Partner at Ridgeline. “We don’t impose liquidity events on a company. Our goal is to build the best companies possible and we believe exit opportunities will follow,” Luke added.
ABOUT RIDGELINE VENTURES
Based in Boulder, Colorado, Ridgeline Ventures grew out of a desire to provide healthy living companies with a values-based partner who can help companies achieve their vision. The firm invests in exceptional teams in natural foods and active lifestyle categories through its fund that consists entirely of partner capital.
To learn more about Ridgeline Ventures, visit RidgelineVC.com.