Cotopaxi
Outdoor packs, jackets, fleeces, and accessories with a humanitarian giving model. Salt Lake City, Utah.
Status: Watchlist
- Founded
- 2014
- HQ
- USA
- Manufacturing
- Bangladesh,Philippines,Vietnam,Various
- Ownership type
- PE-owned
- Parent
- Global Uprising, PBC
- Status since
- 2026-04-25
Ownership
Founded 2014 by Davis Smith, Stephan Jacob, and Chad Whittaker. Registered as a Delaware Public Benefit Corporation and Certified B Corp (B Impact score 125.6 vs. ordinary-business median 50.9). Has raised approximately $74-93M across 7 institutional rounds from investors including Bain Capital Double Impact (lead Series B, 2021, $45M), New Enterprise Associates, Forerunner Ventures, Lerer Hippeau, and Greycroft. Founder Davis Smith stepped down as CEO in 2023. Damien Huang served briefly. Lindsay Shumlas appointed CEO in December 2024. 2023 revenue ~$140M. Launched a ThredUp-powered resale program in November 2025. Donates 1% of annual revenue to the Cotopaxi Foundation.
Why Watchlist
Mission-aligned governance (Benefit Corp + B Corp + Bain Double Impact lead) provides meaningful structural protection, but $74M+ across 7 rounds from non-impact investors creates eventual liquidity pressure. CEO turnover in 2024-2025 and ongoing capital raises (Series C-III, May 2025) suggest the company is still scaling toward an exit event.
Track This Brand
When the verdict changes, you'll hear first.
Brands on this Ledger shift status as ownership changes or new investigations surface. The newsletter is how subscribers find out, and where the full reporting lives.
No spam. Nobody pays me to say nice things. Unsubscribe anytime.