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Lightspeed Commerce Inc.
Lightspeed Commerce Inc. powers over 144,000 retail, restaurant, and golf locations globally with its unified POS and payments platform.
Lightspeed Commerce Inc.
Lightspeed Commerce Inc. is a publicly traded commerce technology company headquartered in Montreal, Canada. It was founded by Dax Dasilva, who served as CEO until 2022, and went public on the Toronto Stock Exchange in 2018 and later on the New York Stock Exchange. The company's platform grew largely through acquisitions, including the purchase of Upserve (restaurant POS), NuORDER (B2B wholesale), and Vend (retail POS). Lightspeed's strategy centers on a unified software-and-payments stack for in-person businesses. Asset classes covered include SaaS subscriptions, payment processing fees, and hardware sales. The platform integrates inventory management, customer relationship tools, and analytics into a single system. Geographic presence spans North America, Europe, and Asia-Pacific, with named offices in Montreal, Toronto, New York, London, Paris, Berlin, Amsterdam, Melbourne, and others. The company reports approximately 144,000 merchant locations and processed $91.3 billion in gross transaction value in fiscal 2025 (per Lightspeed investor relations, 2025). After Dax Dasilva stepped down in 2022, the board appointed JP Chauvet as CEO. Lightspeed operates no philanthropic foundation or separate family office structure; its capital includes public market investors and institutional shareholders. What distinguishes Lightspeed from competitors like Shopify is its heavy vertical specialization. The platform offers separate POS systems for retail, restaurant, golf, and apparel, each with pre-built compliance features such as vape shop regulations. This vertical depth, combined with an open API for integrations, creates high switching costs for merchants in niche verticals.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Montreal
Corporate office
Montreal, Quebec, Canada
Additional offices
Toronto, Canada · Providence, USA · New York City, USA · London, United Kingdom · Belfast, Northern Ireland · Paris, France · Ghent, Belgium · Amsterdam, The Netherlands · Berlin, Germany · Geneva, Switzerland · Lausanne, Switzerland · Tbilisi, Georgia · Yerevan, Armenia · Melbourne, Australia · Sydney, Australia · Auckland, New Zealand
Sector focus
Frequently asked questions
Who leads Lightspeed today?
JP Chauvet is the CEO of Lightspeed Commerce Inc., appointed in February 2022 after founder Dax Dasilva stepped down. Chauvet previously served as President and COO (per Lightspeed newsroom, 2022).
How does Lightspeed generate revenue?
Lightspeed generates revenue from three main streams: software subscriptions for its POS platform, payment processing fees via Lightspeed Payments, and hardware sales. The payments segment has been a key growth driver, contributing to higher per-merchant revenue (per Lightspeed investor relations, 2025).
Is Lightspeed a family office or an asset manager?
No. Lightspeed Commerce Inc. is a publicly traded commerce technology company listed on the TSX and NYSE. It is not a family office, asset manager, or investment firm. Its business is providing point-of-sale and payments software to merchants.
What industries does Lightspeed specifically serve?
Lightspeed provides tailored POS solutions for retail, restaurant, golf, and specialty verticals including apparel, footwear, garden centers, home decor, and vape shops. Each vertical has specific features, such as vape compliance tracking and golf course tee sheet management.
Where are Lightspeed's primary offices located?
Lightspeed's global headquarters is in Montreal, Canada. It maintains additional offices across North America (Toronto, Providence, New York), Europe (London, Belfast, Paris, Ghent, Amsterdam, Berlin, Geneva, Lausanne), the Caucasus (Tbilisi, Yerevan), and Asia-Pacific (Melbourne, Sydney, Auckland).
Does Lightspeed have any connection to LightspeedDMS?
No. LightspeedDMS is an unaffiliated company serving the powersports, marine, and recreational vehicle industries. Lightspeed Commerce Inc. explicitly states it does not serve those industries and is not affiliated with LightspeedDMS (per Lightspeed website, 2025).
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