LightSpeed, a company promising to help physical retailers adapt to the digital age, has raised $30 million in Series A funding from Accel Partners. This is one of those investments where Accel finds an already-successful company that has been bootstrapping for several years, if not longer. (The most recent announcement was Qualtrics, a 10-year-old data collection and analysis company.) LightSpeed was founded in 2005, and its services are supposedly used by almost 10,000 retailers. Last year, Profit Magazine named it the fastest-growing company in Quebec, thanks to revenue that grew a total of 2,000 percent over the previous five years.
Tuesday, June 12, 2012
LightSpeed Raises $30M From Accel To Help Retailers Serve Tech-Savvy Shoppers
LightSpeed, a company promising to help physical retailers adapt to the digital age, has raised $30 million in Series A funding from Accel Partners. This is one of those investments where Accel finds an already-successful company that has been bootstrapping for several years, if not longer. (The most recent announcement was Qualtrics, a 10-year-old data collection and analysis company.) LightSpeed was founded in 2005, and its services are supposedly used by almost 10,000 retailers. Last year, Profit Magazine named it the fastest-growing company in Quebec, thanks to revenue that grew a total of 2,000 percent over the previous five years.
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