Cotopaxi (company)

Cotopaxi was founded in 2014 by Davis Smith, Stephan Jacob and CJ Whittaker.^[3] The company took its name from a volcano in Ecuador, where Smith had spent time as a child.^[4] It was certified as a B corporation.^[5]

Range Light Ventures, now known as Ridgeline Ventures, led a 2016 funding round of $11.1 million for Cotopaxi. In 2021, the company announced a funding round of $45 million, which included Bain Capital.^[6]

Smith stepped down as CEO in 2023 to serve a three-year mission for The Church of Jesus Christ of Latter-day Saints in Recife, Brazil. He was replaced by Damien Huang.^[7] Huang left in 2024 and was replaced by Lindsay Shumlas, who had been serving as chief operation officer and chief financial officer for the company.^[8]