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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
4/5

Key value driver

Acquired by Mammoth Brands (Harry's parent) for $1B+ in Dec 2025; $503K first distribution received; cash, Mammoth stock and EBITDA earnouts through 2028; a Mammoth IPO is the multiplier

Primary risk

Earnout tiers and IPO timing; ~40% of proceeds paid in Mammoth stock; softness at Mammoth's other brands could delay the IPO

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