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Montreal based point of sale software provider Lightspeed POS has raised a $166m Series D led by Caisse de dépôt et placement du Québec, one of Canada’s largest investors.
Lightspeed POS, which provides point of sale, accounting, inventory management, purchasing analytics, and other related services to brick-and-mortar retailers, restaurants and online businesses competing with the likes of Square and Shopify, has raised $166 million in funding, a Series D that it will use to expand its business deeper into payments and new geographies. Lightspeed claims this is the largest venture round ever raised by a Canadian tech startup. Dax Dasilva, Lightspeed’s CEO and founder, told TechCrunch that he expects this to be the last round of funding before the company goes public, which he expects to happen in about 18-20 months.
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