The best kept tech secret in Montreal is a company called Lightspeed. CEO, Dax Dasilva, will tell us how a relatively unknown tech company in Montreal got to where they are today - $30M of funding from Accel Partners announced this month and coined the fastest growing tech company in Quebec. The who and how they got to where they are, plus the reality of where they need to go now that they’ve received funding, will all be covered in this talk.
3. By the numbers
Website
www.lightspeedretail.com #1 In 2011
PROFIT magazine named LightSpeed the
Number of Employees fastest-growing company in Quebec, 24th
54 fastest in all of Canada.
Headquarters 10,000
Approx number of retail stores using
Montreal, Quebec, Canada
LightSpeed.
Development Office
400+
Ottawa, Ontario, Canada Number of Authorized LightSpeed Resellers.
Founded 30+
2005 LightSpeed is sold in more than 30
countries.
Investors
Accel Partners 1900%
$30M Series A, April 2012 Company’s revenue growth over past five
years.
12,000
Square footage of company’s new Montreal
headquarters.
4. We arm retailers with powerful
tools that reinvent the in-store
shopping experience for today’s
iGeneration consumers.
What is LightSpeed?
- A robust, fully integrated,
inventory-centric retail system
- Turns Macs, iPads, and iPhones
into cutting-edge sales and
retail management tools
- Brings the access, value and
speed of online shopping into
the store environment
- Multi-user, multi-store, and
extensible via a developer API
5. Who uses LightSpeed?
- Single-store operators
- Small to medium-sized retail
chains
- Nearly 10,000 stores in 30+
countries
- Ranging from boutiques in
NYC's trendy SoHo district
such as Nordstrom-owned
Treasure & Bond to large
global brands like Adidas
and Vespa
6. What verticals use
LightSpeed?
- Clothing and Apparel (80%)
- Technology (Consumer
Electronics, Camera)
- Lifestyle (Wine, Bike/Scooter,
Skateboarding)
How is LightSpeed
purchased?
- Global network of over 400
LightSpeed Resellers in 30+
countries
- Direct sales team
- Online at lightspeedretail.com
7. - On March 21st, LightSpeed
celebrated its 7th birthday
- In May we celebrated $22M in
LightSpeed revenue since our
launch in 2005
- 1/3 of that is in the last 12
months
- 1/2 has come from our
reseller network of 400
partners in 30 countries
- 2/3 growth in FY 2012,
which ended March 31st
- $30M Series A from Accel
Partners in April 2012
8. 7
- On March 21st, LightSpeed
celebrated its 7th birthday
- In May we celebrated $22M in
LightSpeed revenue since our
launch in 2005
- 1/3 of that is in the last 12
months
- 1/2 has come from our
reseller network of 400
partners in 30 countries
- 2/3 growth in FY 2012,
which ended March 31st
- $30M Series A from Accel
Partners in April 2012
13. - Sales = Growth. We focussed from Day 1 on generating
revenue
- Yes, we sold our beta
14. 850
680
510
340
170
May
August
November
February
May
- Sales = Growth. We focussed from Day 1 on generating
revenue
- Yes, we sold our beta
15. 850
680
510
340
170
May
August
November
February
May
- The disruptive reach of Apple into business has spurred
growth
- Our channel is cranking to help us double revenue every
year