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Consumer / Baby Care · Mammoth Acquisition

Coterie

Premium baby care brand acquired by Mammoth. High-performance diapers and wipes disrupting the legacy consumer care category.

Key metrics

Initial investment
$400K
Current value
$1.6M
Entry valuation
$300M
Latest valuation
$1.2B
Current MOIC
4.0x
Base case
$2.3M
Bull case
$4.5M
Conviction
4/10

Key value driver

Mammoth acq $1B+; Dec dist $503K; H1'26 EBITDA $42.0M banked — FY26 tracking ~$88M vs $80M earnout threshold; IPO 1H 2027

Primary risk

Lume/Mando -21.5% YoY gating IPO; Mammoth H1 net loss; thin ex-tariff margin gain

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