Lightspeed (company)

Lightspeed is a point-of-sale and e-commerce software provider. Lightspeed provides small and medium sized retail and restaurant businesses with point of sale solutions

Lightspeed POS Inc is a Montreal-based Canadian technology company. Lightspeed sells software to restaurants and small retail businesses. It is listed on the Toronto Stock Exchange. It has more than seven hundred employees and fourteen international offices. It sells software in about one hundred countries. It was founded in 2005 by Dax da Silva

Lightspeed POS Inc
Company typePublic
  • Software
  • Point of Sale
  • eCommerce Software
FounderDax Dasilva
Area served
ProductsLightspeed Retail
Lightspeed eCommerce
Lightspeed OnSite
Lightspeed Restaurant

Dax Dasilva, who is a son of Goan-Ugandan refugees, is the founder and chief executive officer. Dasilva is a strong advocate of diversity in the workplace.[1]

It provides services to 23,000 businesses worldwide, including Adidas, Harman Kardon, Frank And Oak, Roll: Bicycles, and STORY. The company is backed by iNovia Capital and Accel Partners.[2][3][4]



Lightspeed was founded in 2005, with its headquarters in Montreal. In 2014, the company expanded its customer base to include the hospitality industry.[2][5]

Lightspeed Payments rolled out on January 30, 2019.[6] In March, the company went public on the Toronto Stock Exchange under the symbol LSPD.[7]

In 2014, Lightspeed has over 700 employees in Montreal, Toronto, Ghent, Amsterdam, Olympia, London, and New York.[5][8]

The company generates revenue of $120.6 million with 478.4 million assets in 2020.[9][10]

On January 7, 2020 Lightspeed POS Inc. Announces the Acquisition of Gastrofix.[11]

On March 12, 2021, a company Vend, New Zealand cloud-based retail software, was bought by Lightspeed POS Inc. for US$350 million.[12]



Lightspeed won the 5th Annual Innovative Award in August 2012.[13] Lightspeed was ranked by Profit number 61 on its list of "Canada's 200 fastest growing companies.[14]


  1. "Lightspeed is writing a new chapter in the Canadian tech story".
  2. 2.0 2.1 "Retail Software Startup LightSpeed Now Caters For Restaurants After Buying Belgian Startup POSIOS". TechCrunch. 22 October 2014. Retrieved 2020-07-09.[permanent dead link]
  3. Meyers, Tracey (2017-10-18). "Lightspeed Closes $166 Million Series D Round Investment". WWD. Retrieved 2020-07-09.
  4. Nisen, Max. "LightSpeed Is Helping Stores Kill Off 'Showrooming' For Good". Business Insider. Retrieved 2020-07-09.
  5. 5.0 5.1 "LightSpeed Retail Expands Into Restaurant Industry With Acquisition of Belgium's POSIOS". Cantech Letter. 2014-10-22. Retrieved 2020-07-09.
  6. "With eyes on an IPO, Montreal's Lightspeed POS launches its payments system". Retrieved 2020-08-18.
  7. "Lightspeed shares surge after TSX IPO | BetaKit". 2019-03-11. Retrieved 2020-08-18.
  8. De Vynck, Gerrit (2014-11-17). "LightSpeed Plans Payments System With $35 Million Funding". Retrieved 2020-08-30.
  9. "Lightspeed POS Inc. Consolidated Financial Statements March 31, 2020 and 2019 (expressed in thousands of US dollars)" (PDF). Archived from the original (PDF) on October 18, 2021.
  10. "Lightspeed software company growing in a hurry". 2014-12-10. Archived from the original on 2014-12-10. Retrieved 2020-08-18.
  11. Inc, Lightspeed POS. "Lightspeed POS Inc. Announces the Acquisition of Gastrofix". (Press release). Retrieved 2020-10-22. {{cite press release}}: |last= has generic name (help)
  12. "NZ retail software company Vend sold for $350m". NZ Herald. Retrieved 2021-03-12.
  13. "LightSpeed for iPad Wins 5th Annual Innovative Solutions Award at RetailNOW 2012". 2012-08-02. Retrieved 2020-08-18.
  14. "LightSpeed secures US$30-million from Accel". Financial Post. Retrieved 2020-08-18.

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