WhaleShark makes a splash with $150m

Nov 10, 2011 • Robert Lavine

JP Morgan and IVP are investing $150m in the Google-backed online coupon marketplace as it prepares to expand further by making more acquisitions.

US-based online coupon and deal marketplace WhaleShark Media secured $150m in financing from JP Morgan Asset Management, a division of financial services firm JP Morgan, and venture capital firm Institutional Venture Partners (IVP) yesterday, bringing its total funding close to $300m.

WhaleShark had previously raised $143.5m from corporate venturing fund Google Ventures, as well as private equity (PE) firm Austin Ventures, PE investment management firm Adams Street Partners and investment firm Norwest Venture Partners.

WhaleShark operates a range of websites…

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