Friday, December 3, 2010
WhaleShark Media Raises $87.0M
Austin-based WhaleShark Media, the operator of a number of online coupon and deal sites, has raised $87.0M in funding, according to a regulatory filing by the firm this week. According to the filing, the funding came from ten investors, and was managed by Stifel Nicolaus. The funding looks to be related to WhaleShark's acquisition of RetailMeNot.com yesterday. WhaleShark--which did not disclose details of that acquisition--did say that it had received funding from Austin Ventures, Norwest Venture Partners (NVP) and Adams Street Partners for the transaction, which was also managed by Stifel Nicolaus. It's unclear how much of that $87.0M went directly towards the acquisition of RetailMeNot.com based on the filing.