WhaleShark Media, the marketplace for online coupons and deals, has raised $150 million in venture capital. JPMorgan Asset Management and Institutional Venture Partners (IVP) provided the funding. The recent fundraising brings the company’s total funding from investors to nearly $300 million.
IVP’s Jules Maltz will join the WhaleShark board following the latest investment round. This investment follows funding by venture capital firms Austin Ventures, Norwest Venture Partners, Adams Street Partners and Google Ventures. WhaleShark will utilize the funds to support organic growth through strategic technology and personnel enhancements within the organization and additional growth from new acquisitions.
Click here for the release from Business Wire.