“Cotopaxi strongly believes in the power of business to drive social change and the power of adventure to connect the world”.
As an avid hiker and adventurer who is passionate about giving back, I’m always on the lookout for innovative, unique companies that create amazing products while also giving back. Cotopaxi is a company that creates outdoor adventure products while also funding sustainable poverty alleviation around the world and inspiring people to be adventurous and do good.
Founded in 2013 by Davis Smith and Stephan Jacob, Cotopaxi was inspired by Davis’ childhood growing up at the foot of Cotopaxi in Ecuador where he spent his youth hiking and exploring his magnificent environment. He also saw the devastating impact poverty had on communities and people. After years of running several successful eCommerce websites in South America, Davis wanted to start something different that would incorporate his passion for adventure along with his desire to give back and make meaningful strides towards reducing global poverty. Together with fellow Wharton business-school graduate Stephan Jacob, Cotopaxi was born.
Cotopaxi is unique because it is the first company to incorporate as a “Benefit Corporation” and then receive venture funding. Benefit Corporations are a new type of business that allows for-profit entities to pursue social and environmental goals while also focusing on maximizing profits. Receiving venture capital from investors demonstrates the strong belief that this is a company that can make both a profit and a difference.