Thursday, November 10, 2011

WhaleShark Media Gets $150M More

Austin-based WhaleShark Media, which operates a network of online coupon such as RetailMeNot.com, announced today that it has raised a huge, $150M financing round. The funding came from J.P. Morgan Asset Management and Institutional Venture Partners, and brings the company's total raised to almost $300M. WhaleShark, which is headed by Cotter Cunningham, said the new funds will go towards both organic growth and acquisitions. Jules Maltz of IVP joins the company's board as part of the funding. WhaleShark has previously raised funding from Austin Ventures, Norwest Venture Partners, Adams Street Partners, and Google Ventures. More information »