Congrats to Living Social for launching 25 new cities today!

The local deals market continues to grow rapidly. I’ve posted before about why we invested in Living Social.  Today Living Social launched 25 cities, going from 27 cities to 52. Here is a snapshot of our coverage today:

Groupon continues to be the market leader, in 94 US cities and (through acquisition) 21 countries in Europe and Latin America.Today we put a bit of a dent in their lead, but we watch them every day.

We also continue to watch the new entrants, including Buy With Me, Tippr, DealOn and Homerun. While none of them are live  in more than 10 cities at the moment, some have announced plans to be in as many as 20 cities by year end.

Congratulations to Mandy, Randy and the whole sales team for their amazing efforts in getting ready for today’s launch.