Specialized Bicycle-backed Zone 5 Ventures was among the investors in a series B round announced in conjunction with the active media company's rebranding to Outside Media.

US-based sports media company Pocket Outdoor Media has completed a $150m series B round featuring Zone 5 Ventures, the venture capital firm funded by bicycle component producer Specialized Bicycle. Sequoia Heritage, the community investment platform formed by venture capital firm Sequoia Capital, led the round, which included Jazz Ventures and Next Ventures and which was…

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