The investment will propel Cotopaxi’s global growth, sustainable products strategy, and impact on addressing poverty and supporting community development. As a part of this round of investment, Cotopaxi is adding Cecilia Chao of Bain Capital Double Impact to its Board of Directors.
Cotopaxi was founded in 2014 to create sustainably designed outdoor products and experiences that inspire adventure while leading people to do good by helping fund poverty relief efforts.
Cotopaxi products are sold at select outdoor gear and apparel retailers across the country, including REI, Moosejaw, MEC, Backcountry and the Company’s own website and retail stores.
As an extension of its mission-driven commitment, the Cotopaxi Foundation awards grants to outstanding nonprofit partners who are selected for their track records at improving the human condition and alleviating poverty.
To date, the foundation has touched more than 3 million people experiencing poverty through proven methods of effective giving. Throughout the pandemic, the Cotopaxi Foundation has awarded 36 focused grants, assisted over 822,000 impoverished individuals, received over 10,000 customer contributions, and donated masks to over 110,000 people.