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LightSpeed Lands $35 Million as Retail Software Battle Heats Up

Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He was a senior correspondent at Vox.

LightSpeed, a Montreal-based company that makes checkout software and inventory and sales tracking tools for brick-and-mortar businesses, has raised $35 million in a round led by iNovia Capital. Additionally, Hercules Technology Growth Capital and existing investor Accel Partners participated in the funding, which brings total investment in LightSpeed to $65 million. The company also said it was introducing its own payments processing product for its brick and mortar customers.

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