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August 2, 2011 04:36 am GMT

Google Ventures Invests In Coupon Startup Whaleshark Media

Whaleshark Media had already raised $120 million in capital to roll up the online coupon space. Now they've raised $10 million more in a round led by Google Ventures, with some participation from previous investors. They've also added Homeaway CEO Brian Sharples to the board of directors.Sharples will be useful. He grew HomeAway into a monster. He raised half a billion dollars from Austin Ventures (which also backs Whalesharl) and others and took HomeAway public. Like HomeAway, Whaleshark is growing via lots of acquisitions. It's the same model applied to a different market.Whaleshark is broadly competitive with daily deal sites like Groupon, or at least has a similar business model. Google Venture's investment isn't surprising given how focused Google has been on this space over the last year.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/GW1R-Ly4JE0/

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