September 8

Cotopaxi Secures $45 Million From Bain’s Impact-Oriented Fund

By Jean E. Palmieri

When Davis Smith created Cotopaxi in 2014, even his attorney thought he was crazy.

The outdoor apparel and accessories brand’s mission then, and now, is to create sustainably designed outdoor products that advance education, health and livelihoods around the world. It is also a Benefit Corp., which means it considers the impact it has on society and the environment in addition to returning profits to its investors.

Photo courtesy of Devin Justesen.

Source: Yahoo Finance (link opens in a new window)

Investing, Social Enterprise
global development, impact investing, social enterprise