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Outside raises $150 million from Sequoia Capital

Pocket Outdoor Media, the 4-year-old media company that's home to 22 active lifestyle publications and several technology groups, announced a Series B funding round led by Sequoia Capital to fuel acquisitions.

Driving the news: The company is also announcing the purchase of five outdoor sports media and tech companies and is changing its name to reflect the branding of one of those companies, "Outside."

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