Advertisement

Lightspeed Raises $61 Million To Drive International And E-Commerce Expansion

Lightspeed, a POS platform for retailers and restaurants, has secured a $61 million funding round co-led by Canadian investors Caisse de depot et placement du Quebec (CDPQ) and Investissement Quebec (IQ), alongside existing investors Accel Partners and iNovia Capital. This brings Lightspeed’s total funding to date to $126 million.

The financing will support the company’s global growth, technology infrastructure enhancements and deeper investment in its omnichannel offering.

The current valuation of the company is not being disclosed. Lightspeed currently processes approximately $10 billion a year in transactions from 25,000 customers across 100 countries, and has seen a 123% increase in total customer contract value during the past year. Customers average approximately $600,000 per year in revenue on the platform, typically across fewer than 10 physical locations but sometimes as many as 50.

Advertisement

Since the start of 2015, Lightspeed has grown 745% year-over-year in Europe. The company attributes the growth to the company’s restaurant product launch, which has coincided with European payment processing regulations that require restaurants to upgrade their POS systems.

“We are investing heavily in scaling our platform to support our rapidly growing and increasingly global user base as well as developing offline transaction capabilities,” said Dax Dasilva, CEO and Founder of Lightspeed. “With omnichannel becoming increasingly important to our retailers and their customers, this funding will also further support the expansion and development of our e-Commerce offering.”

The expansion into e-Commerce is a longer-term ambition reflected by the growing presence of online POS systems.

“I think that the goal over the next couple of years is to prepare for the optionality of going public or getting even larger staying private,” Dasilva said in an interview with TechCrunch. “We are putting everything in place so that the company has lots of options.”

 

Featured Event

Join the Retail Trendcaster Webinar Series to uncover key 2025 retail trends, from AI and personalization to social commerce. Gain expert insights, data-driven predictions, and actionable takeaways to stay ahead in a rapidly evolving market.

Advertisement

Advertisement

Retail Trendcaster Webinar Series
Days
Hours
Minutes
Seconds

Uncovering What’s Next in Retail

March 17-19, 2025  |  Free On-Demand Digital Event

Q1 is a pivotal time for retail, with experts analyzing holiday sales and forecasting trends. Join Retail TouchPoints’ Retail Trendcaster webinar series for insights on consumer spending, AI, personalization, social commerce, and more—helping you focus on what truly matters in 2025.

Brought to you by
Retail TouchPoints
Register Now
Retail TouchPoints is a brand of Emerald X LLC. By clicking the button and submitting information, you acknowledge and agree that your information may be shared with corporate affiliates of Emerald X LLC, and other organizations such as event hosts, speakers, sponsors, and partners. Please read our Privacy Policy and our Terms Of Use for more information on our policies.

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: