• All Things Digital, Thursday, November 10, 2011 12:30 PM

As consolidation continues in the daily deal and couponing space, WhaleShark Media just raised another $150 million to pick up the pace. “The shell company has grown through acquisition, picking up eight sites in the past two years, including RetailMeNot.com and Deals.com in the U.S., and VoucherCodes.co.uk in the UK,” AllThingsD reports. All told, the company currently claims to attract 100 million unique visitors a year, all of whom are looking for deals on something.

“We are actively pursuing a number of acquisitions, and it will take us another year to spend the money,” CEO Cotter Cunningham tells AllThingsD. On reported revenues of more than $70 million, WhaleShark also expects to be profitable this year. And to whom or what does Cunningham owe his success? For one, “Groupon went out and created a whole new market with a big sales force,” he said. “They’ve done an amazing job of creating a new market focused on an interesting aspect of the coupon that didn’t exist two or three years ago.”

Investors in this latest round include J.P. Morgan Asset Management and Institutional Venture Partners. Existing investors – who already helped WhaleShark raise an initial $150 million -- include Austin Ventures, Norwest Venture Partners, Adams Street Partners and Google Ventures.

Read the whole story at All Things Digital »