# ShopKeep

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shopkeep

- Industry: Software
- Headquarters: New York, US
- Website: www.shopkeep.com
- Total disclosed funding: $83M
- Latest round: Series E (Dec 4, 2018)
- Investors on record: 8

## About

ShopKeep Inc. is a cloud-based point-of-sale (POS) solutions provider catering to retail and hospitality sectors, aiding businesses in transaction management and customer relationship optimization through tailored functionalities.Founded in 2008, ShopKeep Inc. is headquartered in New York, US. The company specializes in providing point-of-sale solutions to small and medium-sized enterprises (SMEs) in various sectors. In November 2020, ShopKeep was acquired by Lightspeed POS Inc. for USD 145.2 million in cash and subordinate voting shares. The founders include Alexander Caballero and David Olk, while Dax Dasilva currently serves as CEO.ShopKeep by Lightspeed offers a comprehensive suite of point-of-sale (POS) solutions designed for both retail and hospitality businesses. Their core product, Lightspeed POS (S-Series), operates as a cloud-based system that enables businesses to manage transactions, inventory, and customer relationships seamlessly. This system provides tailored functionalities for various sectors, including retail, restaurants, and golf management. ShopKeep serves a diverse client base across more than 100 countries and focuses on small to medium-sized enterprises (SMEs) aiming to streamline operations and enhance customer experiences. Additionally, the company offers ancillary services such as inventory management, eCommerce solutions, and payment processing to further enhance business efficiency for clients in North America, Europe, and Australia.ShopKeep by Lightspeed generates revenue primarily through subscription-based pricing models for its POS solutions and related services. Clients engage with the company through tiered pricing plans offering different functionality levels tailored to their specific business needs. The firm focuses on B2B transactions, partnering with small businesses seeking integrated solutions to enhance operational capabilities. As clients use the POS systems, Lightspeed captures a portion of sales revenue through its payment processing services, ensuring a steady recurring revenue stream that supports predictable cash flows and client growth initiatives.Following the acquisition by Lightspeed POS Inc. in November 2020, ShopKeep plans to utilize the recent funding to enhance its product offerings and expand into new markets. The focus will be on developing new products and features for the POS system to better serve retail and hospitality clients. The company aims to penetrate additional geographic regions to support its growth strategy, although specific new markets have not been disclosed. The funding from the acquisition will likely facilitate the development and launch of these initiatives.

## Funding rounds

- Series E, Dec 4, 2018 — First Data Corporation, Tribeca Venture Partners, Salesforce Ventures
- Series D, Jul 28, 2015, $46M — Canaan Partners, Contour Venture Partners, TTV Capital, Tribeca Venture Partners, Thayer Street Partners, Activant Capital
- Series C, Apr 24, 2014, $25M — Canaan Partners, Contour Venture Partners, TTV Capital, Tribeca Venture Partners, Thayer Street Partners
- Series B, Nov 16, 2012, $10M — Canaan Partners, TTV Capital, Tribeca Venture Partners
- Series A, Jan 17, 2012, $2.2M — Contour Venture Partners, TTV Capital, Tribeca Venture Partners

## Investors

- Contour Venture Partners (https://capitalatlas.ai/funds/contour-venture-partners) — Series A, Series C, Series D
- TTV Capital (https://capitalatlas.ai/funds/ttv-capital) — Series A, Series B, Series C, Series D
- Tribeca Venture Partners (https://capitalatlas.ai/funds/tribeca-venture-partners) — Series A, Series B, Series C, Series D, Series E
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series B, Series C, Series D
- Thayer Street Partners (https://capitalatlas.ai/funds/thayer-street-partners) — Series C, Series D
- Activant Capital (https://capitalatlas.ai/funds/activant-capital) — Series D
- First Data Corporation — Series E
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series E