WhaleShark Lands $150M Capital Boost

Law360, New York (November 10, 2011, 11:34 AM EST) -- Purveyor of online coupons and deals WhaleShark Media Inc. has scored $150 million in financing from J.P. Morgan Asset Management and Institutional Venture Partners, money that will support its "rapid organic growth," the company said Thursday.

The new capital will bring the Austin, Texas-based company, whose RetailMeNot.com unit celebrated its fifth birthday Nov. 2, to a total of $300 million in financing, WhaleShark said.

The financiers were drawn toward WhaleShark's results, the company said, noting it is on track to facilitate sales in excess of $1.7...
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