Caisse de dépôt leads $207 mln Series D round of Lightspeed POS

Lightspeed POS Inc, a Montréal-based point-of-sale software solution for retailers and restaurateurs, has raised about $207 million (US$166 million) in Series D financing. Caisse de dépôt et placement du Québec, which co-led Lightspeed's $80 million Series C in 2015, also led the Series D. Investissement Québec, iNovia Capital and Silicon Valley Bank joined the round. Lightspeed, which has brought in US$292 million of funding since its launch in 2005 by CEO Dax Dasilva, said the proceeds of the latest round will back further innovation and expansion. The company now operates in over 100 countries, processes more than US$15 billion in transactions annually, and has nearly 50,000 customers.

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