Lightspeed’s Series D and venture capital’s new pension power
Canada has long had both cash-hungry startups and pension funds with an appetite for direct deals, but only recently have those two things come together. Last week, Lightspeed, a point-of-sale solution for retailers and restaurants, raised $207 million in a Series D financing, the largest for a Canadian IT company in 25 years. Caisse de dépôt et placement du Québec, a $287 billion pension system, led the round, highlighting a growing interest among formerly standoffish Canadian pension funds to invest directly in tech opportunities at home.
26 October 2017•3 mins read
