Caisse de dépôt et placement du Québec and Investissement Québec, alongside existing investors, invests US$80 million in Lightspeed to drive international growth

Lightspeed, the most powerful cloud point of sale (POS) platform for retailers and restaurants, announced CA$80 million in funding co-led by Caisse de dépôt et placement du Québec and Investissement Québec, alongside existing investors Accel Partners and iNovia Capital. This brings Lightspeed’s total funding to date to CAS$150 million. Lightspeed provides retailers and restaurateurs the simplest way to build, manage, and grow their business and create a better customer experience. More than 25,000 businesses processing over $10 billion in transactions annually use Lightspeed's mobile POS and commerce platform to manage inventory, customer preferences, sales, and analytics to get a complete view of their entire business in one place. Caisse de dépôt et placement du Québec and Investissement Québec were advised in this transaction by Fasken Martineau with a team led by Daniel Picotte (Corporate/Commercial), that included Constantinos Ragas and Lénie Tessier-Beaulieu (Corporate/Commercial) and Jean-Philippe Mikus, Paul Gagnon and Johann Gest (Intellectual Property).