About Lightspeed

Headquartered in Montréal, Canada, Lightspeed provides an easy-to-use, omnichannel commerce-enabling platform. The Company’s software platform provides its customers with the critical functionalities they need to engage with consumers, manage their operations, accept payments, and grow their business. Lightspeed operates globally in approximately 100 countries, empowering single- and multi-location small- and medium-sized businesses to compete successfully in an omnichannel market environment by engaging with consumers across online, mobile, social, and physical channels. Founded in 2005, the Company has global offices in Canada, the United States, Europe, and Australia.

One of our favorite stories Dax shares about his startup experience is that his company today is doing — almost verbatim — what he envisioned when he created his very first business plan. Eons ago, as a young programmer, with a vision for a powerful and beautiful POS system, Dax’s aims were simple. He wanted to help ignite small businesses globally. Today, despite the challenge of operating in many complex regulatory and cultural environments across the world, each boasting a strong competitive landscape — Dax’s original vision has never been stronger or more on point.

Company Information

Headquarters: Montreal

Investment Information

Investment year: 2013

Inovia Team Members: Chris Arsenault Patrick Pichette Hugues Lalancette

Lightspeed's Journey with Inovia

Apr 2012

First meeting between Inovia and Lightspeed

July 2013

Inovia leads Series B, Chris joins the board as an observer

Aug 2014

Inovia co-leads the Series C round alongside Accel

Aug 2015

Inovia participates in Series D


Inovia supports LSPD team across various growth initiatives

Oct. 2018

Patrick Pichette joins the board of the company

Mar 2019

LSPD completes an IPO and is listed on the TSX

Sep 2020

LSPD is listed on the NYSE