Raidlight is planning to raise €500,000 in new equity by bringing in some of its suppliers, clients and end customers as new shareholders with a combined stake of 12 percent. Benoit Laval, the trail-runner who set up the French outdoor company in 1999, currently owns 42 percent of the shares. The managing director, Vincent Thinaudat, has a 24 percent interest. The funds would be used to help Raidlight double in size over the next three to four years, notably by completing its diversification into footwear, relaunching the Vertical brand and setting up new trail-running stations. It has been growing lately at an annual rate of between 20 and 30 percent, reaching a level of €3.6 million in 2012.