In September 2015, Lightspeed closed a $61 million Series C round of funding led by Caisse de dépôt et placement du Québec and Investissement Québec, with participation from earlier investors Accel Partners and iNovia. The next year, its client base increased to 23,000 businesses in more than 30 countries. Lightspeed was serving 21,000 businesses and its per year transactions increased from $6 billion to $8.2 billion. The same year, it expanded its reach into the restaurant and hospitality industry in 2014 by the Belgian startup POSIOS. In September, Lightspeed closed a $35 million investment round led by iNovia Capital. On June 18, 2014, the company added Advanced Analytics to Lightspeed Retail's feature roster. At the time, the company had more than 15,000 store locations. Lightspeed's customers processed $7.5 billion in 2013. It acquired MerchantOS, point-of-sale software developer, and Lightspeed Retail, an HTML5 web-based product that can be used from any computer in 2013. Īccel Partners led a $30 million investment round in 2012 and from 2012 to 2013, the company observed a 120% growth in annual transactions. Profit has ranked Lightspeed 24th in 2011 and 61st in 2012 on its list of "Canada's 200 fastest growing companies". The company is backed by iNovia Capital and Accel Partners. It has its offices in Montreal, New York, Ottawa, Toronto, London, Belfast, Amsterdam, Berlin, Geneva, Ghent and Melbourne. In 2014, it expanded its customer base to include the hospitality industry. Lightspeed was founded by Dax da Silva in 2005, with its headquarters in Montreal, to provide point-of-sale and e-commerce software to retail businesses. It offers its services to retail, restaurant, and hospitality businesses. It has offices in Montreal, New York, Ottawa, Toronto, London, Belfast, Amsterdam, Berlin, Geneva, Ghent and Melbourne. It was founded in 2005 by Dax da Silva who served as the CEO of the company until February 2, 2022. Lightspeed Retail provides a good API interface so that you can connect your business with other shopping carts(Shopify, Magento, Woocommerce, Bigcommerce, Wix, Squarespace) and marketplaces as well.Lightspeed Commerce is a point-of-sale and e-commerce software provider based in Montreal, Quebec, Canada. Lightspeed Retail has every functionality that you need to happy your customer’s at the checkout counter and beyond. ![]() ![]() You can enable multiple payment types like Credit Cards, mobile, and contactless payment. When you expand your business to more locations, it will be as simple as opening a new account, copying the menu from one of the existing sites, switching the tablets on, and opening the doors. Lightspeed allows businesses to scale products and inventory. Lightspeed Retail is a strong POS system with an easy-to-change user interface, flexible reporting, and quick and easy promotion tools. Lightspeed Retail is a Cloud-based Point-of-Sale system that is perfect for small and multistore businesses. Lightspeed is a global leader in retail, restaurant, and golf management software that is recognized worldwide for its rich functionality, multi-national ability, and unique flexibility.
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