LightSpeed, a Montreal, Canada-based commerce platform for retailers, closed a $35m funding.
The round was led by iNovia Capital, and previous investor Accel Partners.
The company, which has now raised $65m in total, intends to use the funds to continue to expand into new verticals and geographies.
Led by Dax Dasilva, CEO, LightSpeed provides retailers with a platform to build, manage and grow their business and to unify inventory, customer preferences, sales and analytics, in-store and online.
It is used in more than 20,000 stores in more than 30 countries (including Adidas, Harman, Leica, and DASH) processing over $7.5 billion in transactions annually.
Founded in 2005 and with offices in Montreal, New York City, Olympia, Ottawa, and Santa Cruz, LightSpeed is also announcing LightSpeed Payments, a new payments platform coming this fall in partnership with Element Payment Services, which will allow retailers to begin accepting credit and debit cards and access critical information about financials.
FinSMEs
17/09/2014