WhaleShark Media, which owns and runs a number of online coupon and deal sites, announced today it has raised $150 million from JP Morgan and Institutional Venture Partners.
The company facilitated $1.7 billion worth of sales in 2011. Its sites attract 300 million visitors annually.
WhaleShark Media sites have both Groupon-style deals and discount codes for websites.
The company plans to use the funding to acquire additional deal sites.