Company Overview
Lightspeed is a leading provider of cloud-based commerce solutions, helping merchants innovate to simplify, scale, and provide exceptional customer experiences across retail, restaurants, and golf worldwide. Founded in 2005, the company has established itself as one of the most powerful cloud-based tee sheet and golf course management software solutions, serving more than 1,200 courses globally.
Following its 2019 acquisition of Chronogolf, Lightspeed has significantly expanded its presence in the golf industry, offering comprehensive solutions that modernize pro shops and streamline operations through specialized golf retail point-of-sale (POS) systems. In 2025, Lightspeed partnered with Whoosh to optimize the operations of private clubs. The company is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD), with teams across North America, Europe, and Asia Pacific.
Key Facts:
- Serves approximately 165,000 customer locations worldwide
- Processes over $90.7 billion in GTV through its platform (fiscal 2024)
- Ranked fifth-fastest-growing enterprise industry leader by Deloitte’s 2024 Technology Fast 50 Program
- Revenue growth of 20% year over year in 2024
- Operating in over 100 countries
Innovation
Lightspeed, whose platform combines tee-time sales and other club-management tools with retail and hospitality expertise, formed a powerful alliance by teaming with Whoosh, whose customizable solutions ensure a positive experience for private club members as well as staff. This major move into the private club market (in 2025) equips managers with centralized access to everything they could possibly need, from managing customer house accounts to tee times, dining, spa treatments, and pro shop purchases. This is combined with Whoosh’s intuitive reservation and agenda tools, giving operators a powerful, seamless workflow that connects every touchpoint across the member journey.
Lightspeed’s industry-leading cloud-based point of sales, payments, and membership-management technology all integrate with the club’s tee sheet to provide an automated, real-time view of member activity on- and off-course. Whoosh brings its popular drag-and-drop agenda tools along with customizable tee sheets that work for golf, racquet sports, simulators, fitness, dining, events, and more.
Key Programs and Services:
- Flexible, user-friendly tee sheet management
- Cloud-based golf course management software
- Integrated restaurant POS system for clubhouse operations
- Pro shop retail management solutions
- Online booking and scheduling software
- Self check-in kiosk systems
- Custom golf website design templates
- Private golf course management software
Business Model Innovation
Lightspeed’s platform allows operators to:
- Simplify and streamline scheduling with flexible tee sheet management
- Create unlimited categories and book tee times instantly
- Manage standard starts, shotguns, crossovers, and front/backs
- Access tee sheet and customer data anywhere through cloud-based systems
- Optimize sales in clubhouse restaurants and snack bars
- Integrate payments and customize multilocation tools
- Access real-time reporting and business insights
- Provide weather updates
KEY TAKEAWAYS
Through its strategic acquisition of Chronogolf and partnership with Whoosh, Lightspeed has continued to expand its reach in the golf industry while maintaining impressive overall company growth. The return of founder Dax Dasilva as CEO in 2024 marked a new chapter in the company’s evolution, with revenues approaching $900 million (U.S.) – a dramatic increase from $77.5 million when the company went public in 2019. Lightspeed’s commitment to providing cost-effective, cloud-based, and user-friendly golf facility management software positions it as a crucial technology partner for modern course operators looking to streamline their operations and enhance customer experience.
