Lightspeed POS announces US $166 million of investment led by Caisse de dépôt et placement du Québec

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Lightspeed POS Inc., the world’s most advanced cloud-based point-of-sale software solution for independent retailers and restaurateurs, today announced it has closed a US $166 million (C $207 million) investment. The series D round was led by Caisse de dépôt et placement du Québec (la Caisse) with an investment of US $136 million (CA $170 million), and included participation from Investissement Québec (IQ), iNovia Capital and a credit line from Silicon Valley Bank.With global demand continuing to grow for cloud-based POS and commerce solutions, this investment affirms the opportunity ahead for the Canadian-based technology company, bringing the total amount invested to US $292 million.Lightspeed remains focused on providing customer-centric, market-leading POS technology solutions that power serious retail and restaurant businesses. The additional investment supports further innovation of its fully-integrated omnichannel Retail and mobile Restaurant solutions, and supports the company’s global expansion to address market demand. false false false The company now operates in more than 100 countries, in multiple languages and currencies, and processes over US $15 billion in transactions annually. With nearly 50,000 customers on the platform, Lightspeed is perfect for retailers and restaurateurs with physical locations requiring technology to simplify operations and complex data, providing intelligent insights to sharpen decision-making around inventory, customers and employees. false false false Lightspeed customers see a 20% increase in revenue, on average, during the first full year on the platform. A few of the marquee retail brands that use the POS platform every day to power their businesses include: Todd Snyder, Want Les Essentiels, DASH, Draper James, Rocket Fizz, Malin+Goetz, Mike’s Bikes in California, and the Montréal Canadiens. Restaurateurs are beginning to adopt new technology at a much faster pace than ever before, and some of the places Lightspeed can be found include: Eataly, La Marina NYC, Nobu Malibu, Lutze Biergarten, Zoku Amsterdam Hotel, Hummus Bros, Crêpeaffaire, and Detroit Foundation Hotel. false false false About Lightspeed Headquartered in Montréal, Canada, Lightspeed is the most powerful cloud-based point-of-sale solution for independent businesses, in-store and online. Nearly 50,000 retailers and restaurateurs, processing over US $15 billion in transactions annually use Lightspeed to grow and manage their business. Lightspeed can be found in more than 100 countries, powering favorite local businesses, where the community goes to shop and dine. Founded in 2005, Lightspeed has grown to nearly 600 employees, with global offices in Canada, USA, Europe, and Australia.For more information, please visit: http://www.lightspeedhq.com, Facebook : Facebook.com/LightspeedHQ, Twitter : @LightspeedHQ et Instagram : @LightspeedHQ. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2017, it held CAD 286.5 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private credit. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.