WhaleShark Media Inc., an Austin, Texas-based online coupon company, received $150m in funding.
Backers are J.P. Morgan Asset Management and Institutional Venture Partners.
This investment brings the total amount raised by the company to date to nearly $300m (previous investors include venture capital firms Austin Ventures, Norwest Venture Partners, Adams Street Partners, and Google Ventures).
WhaleShark Media intends to use the capital to continue to grow organically (strategic technology and personnel enhancements within the organization) and through acquisitions to expand itr geographic reach.
In conjunction with the investment, IVP’s Jules Maltz will join the company’s board of directors.
Led by CEO and founder Cotter Cunningham, WhaleShark operates marketplaces that connect consumers seeking discounts with more than 130,000 merchants, stores and retailers. Its global portfolio includes www.retailmenot.com; www.vouchercodes.co.uk; www.Deals.com; www.Deals2Buy.com; www.CheapStingyBargains.com; www.CouponSeven.com; www.CouponShare.com; and www.Gutschein-Codes.de.
It currently employs approximately 150 people in Austin and London, UK.
FinSMEs
10/11/2011