Lightspeed (company)

Lightspeed is a point-of-sale and e-commerce software provider based in Montreal, Quebec. It was founded by Dax DaSilva in 2005, who also serves as the CEO of the company. It has offices in Montreal, New York, Olympia, Ottawa, Santa Cruz, and Belgium. It offers its services to 23,000 retail, restaurant, and hospitality businesses, across 100 countries.[2][3][4][5][6]

Lightspeed
Public
Traded asTSX: LSPD
Industry
  • Software
  • Point of Sale
  • eCommerce Software
Founded2005
FounderDax Dasilva
Headquarters
Montreal, Quebec, Canada
Area served
Worldwide
ProductsLightspeed Retail
Lightspeed eCommerce
Lightspeed OnSite
Lightspeed Restaurant
Revenue US$ 120.6 million (2020)[1]
US$ -53.5 million (2020)[1]
Total assets US$ 478.4 million (2020)[1]
Total equity US$ 344.1 million (2020)[1]
Websitewww.lightspeedhq.com

Description

Lightspeed was founded by Dax DaSilva in 2005, with its headquarters in Montreal, to provide point-of-sale and e-commerce software to retail businesses.In 2014, it expanded its customer base to include the hospitality industry.[2][3] It has its offices in Silicon Valley, Olympia, Washington, New York City, Ghent, and Belgium. It provides services to 23,000 businesses worldwide, including Addidas, Harman Kardon, Frank & Oak, and STORY. The company is backed by iNovia Capital and Accel Partners.[2][4][5][6]

History

In 2005, DaSilva laid the foundations of Lightspeed in Montreal, Canada. The company was founded to bring the ‘Apple Store Experience’ to retailers through the creation of inventory-centric point of sale systems.[4]

Operations

Lightspeed has over 700 employees in Montreal, Toronto, Ghent, Amsterdam, Olympia, London, and New York[7][8][9][10][11] The company has customers in 100 countries, but primarily in the United States, Canada, Australia and England.[12]

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References
  1. "Lighspeed" (PDF). Lightspeed. Retrieved May 21, 2020.
  2. "Retail Software Startup LightSpeed Now Caters For Restaurants After Buying Belgian Startup POSIOS". TechCrunch. Retrieved 2020-07-09.
  3. "LightSpeed Retail Expands Into Restaurant Industry With Acquisition of Belgium's POSIOS". Cantech Letter. 2014-10-22. Retrieved 2020-07-09.
  4. "Retail Software Startup LightSpeed Now Caters For Restaurants After Buying Belgian Startup POSIOS". TechCrunch. Retrieved 2020-07-09.
  5. Meyers, Tracey; Meyers, Tracey (2017-10-18). "Lightspeed Closes $166 Million Series D Round Investment". WWD. Retrieved 2020-07-09.
  6. Nisen, Max. "LightSpeed Is Helping Stores Kill Off 'Showrooming' For Good". Business Insider. Retrieved 2020-07-09.
  7. Terry Dawes (October 22, 2014). "LightSpeed Retail Expands Into Restaurant Industry With Acquisition of Belgium's POSIOS". Retrieved December 7, 2014.
  8. Gerrit De Vynck (September 17, 2014). "Lightspeed Plans Payments System With $35 Million Funding". Bloomberg. Retrieved December 7, 2014.
  9. Terry Dawes (June 11, 2014). "Room At The Top: How Lightspeed Retail Became a Dominant Player in Mobile POS". Retrieved December 7, 2014.
  10. Jason Magder (September 16, 2014). "Lightspeed software company growing in a hurry". Montreal Gazette. Archived from the original on 2014-12-10. Retrieved December 7, 2014.
  11. "Montreal's Lightspeed targets U.S. as credit card security rules shift". Financial Post. May 25, 2015. Retrieved June 30, 2015.
  12. Bruce Rogers (February 12, 2014). "Dax Dasilva's Lightspeed Creates 'Apple Store' Experience for Retailers". Forbes. Retrieved December 7, 2014.
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