Vector Velocity, the direct credit investment strategy of Vector Capital Management, completed a $50 million senior secured credit investment in Outside Interactive, a technology platform for outdoor content, services, events and experiences. Proceeds will be used to invest in core areas of the business and support the company’s continued growth.
“Outside has built a unique platform at the intersection of technology and the global outdoor recreation economy, one of the world’s largest and fastest-growing markets,” Nick Ghoussaini, head of credit at Vector Capital, said. “Outside’s network of brands, applications, and experiences strengthens as consumers engage across multiple products and services, creating durable customer relationships and compelling long-term growth opportunities. We are excited to partner with Robin and the Outside team as they continue to scale the platform.”
Robin Thurston, CEO of Outside, added, “Vector understands both our business and the opportunity ahead. This investment strengthens our business while providing the flexibility to continue investing in the products, technology and experiences that connect more people with the outdoors.”
