In fiscal 2022, the company generated revenue of US$548 million with US$3.62 billion in total assets : 5–6 and had about 3,000 employees.
#LIGHTSPEED SYSTEM SOFTWARE#
On March 12, 2021, New Zealand cloud-based retail software company Vend was bought by Lightspeed for US$350 million. In November 2020, Lightspeed acquired ShopKeep for US$440 million. In March, the company went public on the Toronto Stock Exchange under the symbol LSPD. On January 30, 2019, Lightspeed Payments rolled out. The technology was a result of the company's acquisition of Toronto-based ReUp, a digital platform that allows business owners to build a branded loyalty program. Later that year, the company announced Lightspeed Loyalty, a platform for customer engagement. Lightspeed unveiled Retail Success Index Tool in October. In April 2018, Lightspeed added Patrick Pichette, the former chief financial officer at Google, Paul McFeeters, the former chief financial officer of OpenText to its board of Directors.
raised about C$200 million ($160 million) in a new round of venture-capital funding. SEOShop's eCommerce platform was rebranded as Lightspeed eCom and further refined to offer complete integration with the company's retail POS software. The next month Lightspeed acquired Amsterdam-based eCommerce software developer SEOShop and announced that it would be expanding its product offering to serve both brick-and-mortar and online retailers.
#LIGHTSPEED SYSTEM SERIES#
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 Silicon Valley, Olympia, Washington, New York City, Berlin, Amsterdam, London, Ghent and Toronto. 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.
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