# Lightspeed Commerce

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lightspeed-commerce

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.lightspeedhq.com
- Total disclosed funding: $292M
- Latest round: Series D (Oct 17, 2017)
- Investors on record: 5

## About

Lightspeed Commerce Inc. is a Canadian company providing a unified point of sale and payment platform for diverse businesses, enhancing operational efficiency and customer engagement through innovative technology and analytics.Founded in 2005 in Montreal, Canada, Lightspeed Commerce Inc. specializes in point of sale solutions for retail, hospitality, and golf operations. The company has undergone significant growth, culminating in a recent Private Placement/Follow on in August 2021, raising USD 716.10 mn. CEO and Founder Dax Dasilva has been instrumental in steering the company through its funding rounds, which include notable IPOs on the Toronto Stock Exchange and the New York Stock Exchange since 2019. The company has successfully raised a total of USD 716.10 mn to date, signifying strong investor confidence.Lightspeed offers a comprehensive unified point of sale (POS) and payments platform designed for retail, hospitality, and golf operations. Their advanced POS systems facilitate transactions, inventory management, and customer engagement through integrated payments and real-time analytics. These products enable clients to streamline workflows, manage inventory, and gain performance insights. Lightspeed currently serves approximately 165,000 customer locations across over 100 countries, including significant markets in the United States, Canada, the United Kingdom, Australia, and several European countries.In 2023, Lightspeed reported a revenue of USD 730.51 mn. Despite this, they experienced an EBITDA loss of USD 983.78 mn for the same year. Their revenue model is primarily subscription-based, allowing businesses to access essential POS and payment solutions tailored to their operational needs.Lightspeed Commerce Inc. plans to leverage recent funding from their August 2021 round to enhance product development and pursue international expansion. Upcoming products are expected to target new features and integrations aimed at improving user experience. Expansion efforts will focus on key markets in Europe and Asia by 2024, capitalizing on the company's growing customer base to enhance its global footprint. The strategic use of the USD 716.10 mn raised will support these initiatives, positioning Lightspeed for sustained growth.

## Funding rounds

- Series D, Oct 17, 2017, $166M — Inovia Capital, CDPQ, Investment Quebec, Silicon Valley Bank
- Series C, Sep 16, 2015, $61M — Accel, Inovia Capital, CDPQ, Investment Quebec
- Series B, Sep 17, 2014, $35M — Accel, Inovia Capital
- Series A, Jun 11, 2012, $30M — Accel

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Series B, Series C, Series D
- CDPQ — Series C, Series D
- Investment Quebec (https://capitalatlas.ai/funds/investment-quebec) — Series C, Series D
- Silicon Valley Bank — Series D