Over the past six months, daily deal sites such as Groupon, Living Social and Gilt Groupe have attracted more than $1.69 billion in venture capital and other investments according to the new 2011 Daily Deal Investment Index released today by Daily Deal Media. Overall, 22 Daily Deal companies have received investments in the past six months.
“This market is exploding, with the number of daily deal companies growing from 70 to more than 350 in the past year,” said Boyan Josic, CEO of Daily Deal Media, the leading publication covering the daily deal market.
“Despite a conservative approach from many investors, as daily deals companies build scale and expand reach, they are finding support from the investor community. We see no signs of the market slowing down as an increasing number of sites test the market, helped by low barriers to entry.”
The 10 largest investments of the past six months include:
Half Off Depot
Globally, there are more than 3,000 total daily deal companies, including more than 1,000 in China, more than 900 in Europe and more than 600 in South America.
For more information or to purchase a copy of the 1H 2011 Daily Deal Investment Index, which includes a comprehensive breakdown of the deals and profiles of more than 30 leading Daily Deal companies, visit dailydealmedia.com/data-and-reports.
Daily Deal Media is a news, information and data resource for those interested in the Daily Deal industry. Known for its breaking news and unbiased market insight, the company provides its readers with valuable insight, resources, industry reports, forums and conferences.