ShopKeep
{{Infobox company
| name = ShopKeep by Lightspeed
| logo = ShopKeep logo.png
| type = Subsidiary
| parent = Lightspeed
| area_served = {{ubl|United States| Canada}}
| founders = {{ubl|Jason Richelson|David Olk}}
| key_people = Michael DeSimone (CEO)
| industry = Point of sale
| num_employees = 200+
| homepage = {{URL|shopkeep.com}}
| foundation = {{Start date and age|2008}}
| hq_location = New York City, U.S.
}}
ShopKeep by Lightspeed is a cloud-based iPad point of sale (POS) system headquartered in New York, NY. Founded in 2008, its POS system is used by more than 23,000 small businesses{{Cite web|url=http://paymentweek.com/2015-7-30-shopkeep-announces-60-million-series-d-round-funding-7864/|title = ShopKeep Announces $60 Million Series D Round Funding|date = 29 July 2015}} in the United States and Canada, most of which are retail shops, coffee shops, restaurants, and bars. The system allows merchants to ring up sales, print or email receipts, pop a cash drawer, accept credit cards and print remotely to the kitchen right from an iPad or Android tablet. The web-based BackOffice allows inventory, employee, and customer management, and analytics and reporting. The smartphone dashboard app allows merchants to view real-time store sales remotely.
History
ShopKeep was co-founded by Jason Richelson,{{Cite web|url=http://www.inc.com/tim-rice/how-to-identify-a-business-opportunity.html|title = How to Identify a Business Opportunity|date = 23 February 2012}} co-founder of several retail stores in Brooklyn and New York City, and Amy Bennett{{Cite news|url=http://www.brooklynpaper.com/stories/34/27/dtg_ipadcashregister_2011_7_8_bk.html|title=On 'cloud' nine! Greene Grape owners lead way in web-based shopkeeping technology|work=The Brooklyn Paper|access-date=2017-03-17|language=en}} out of their wine store in Brooklyn in the fall of 2008 after their point of sale software crashed for the last time. David Olk,{{Cite web|url=http://www.marketplace.org/2014/08/15/business/when-does-start-stop-being-start|title=When does a start-up stop being a start-up?|date=15 August 2014|access-date=2016-08-23}}{{Cite web|url=http://finovate.com/shopkeep-rings-up-60-million-investment/|title=ShopKeep Rings Up $60 Million Investment - Finovate|date=2015-07-30|language=en-US|access-date=2016-08-23}}{{Cite web|url=http://streetfightmag.com/2012/05/24/case-study-the-benefits-of-running-a-pos-system-in-the-cloud/|title=Case Study: The Benefits of Running a POS System in the Cloud|date=2012-05-24|website=Street Fight|access-date=2016-08-23}}{{Cite web|url=http://www.shopkeep.com/blog/cloud-computing-revolutionizes-the-customer-retailer-transaction|title=Cloud Computing Revolutionizes the Customer-Retailer Transaction|date=2012-04-24|language=en-US|access-date=2016-08-23}}{{Cite web|url=http://www.xconomy.com/new-york/2012/01/17/shopkeep-com-raises-2-2m-in-series-a-round-plans-new-hires/#|title=ShopKeep.com Raises $2.2M in Series A Round, Plans New Hires {{!}} Xconomy|date=2012-01-17|language=en-US|access-date=2016-08-23}} former Director of M&A at IAC, joined as the third co-founder and COO in July 2011 to help Jason and Amy execute on their vision and raise outside capital, eventually closing the company's first external raise 6 months later in December 2011.{{Cite web|url=http://www.jcount.com/shopkeep-raises-60m/?fb_comment_id=1000132446686857_1229279730438793#f1eb6c62291420c|title=ShopKeep Raises $60M - [Jcount.com]|date=2015-07-29|language=en-US|access-date=2016-08-23}}{{Cite web|url=http://www.shopkeep.com/blog/cloud-computing-revolutionizes-the-customer-retailer-transaction|title=Cloud Computing Revolutionizes the Customer-Retailer Transaction|date=2012-04-24|language=en-US|access-date=2016-08-23}}{{Cite web|url=http://finovate.com/shopkeep-rings-up-60-million-investment/|title=ShopKeep Rings Up $60 Million Investment - Finovate|date=2015-07-30|language=en-US|access-date=2016-08-23}} When Jason's point of sale system in his stores broke down, he decided that there had to be a simpler, smarter solution for small businesses. He developed ShopKeep POS as a cloud-based point of sale system to allow a merchants to access data even when they are not in the store.{{Cite web |url=https://skmedia.s3.amazonaws.com/Cash+Pad+-+Entrepreneur+Magazine+Dec.+%2712.png |title=Archived copy |access-date=2012-11-30 |archive-date=2014-03-01 |archive-url=https://web.archive.org/web/20140301165521/https://skmedia.s3.amazonaws.com/Cash+Pad+-+Entrepreneur+Magazine+Dec.+%2712.png |url-status=dead }} He also developed it from the eyes of a retailer and used his expertise{{citation needed|date=April 2015}} to create a user interface that is intuitive to the merchants and the cashiers that stand behind the counter. Jason hired Bill Walton as the original system architect and engineer to build the ShopKeep Platform in October 2008.
In August 2011, the first iPad version of ShopKeep was released in the App Store. As of July 2015, ShopKeep has raised over $97 million in funding.{{Cite web|url=https://venturebeat.com/2015/07/28/shopkeep-focuses-on-growth-with-60-million-in-series-d-funding/|title = ShopKeep Focuses on Growth with $60 Million in Series D Funding|date = 28 July 2015}}
On 5 November 2020, Lightspeed announced it has entered into a definitive agreement to acquire ShopKeep Inc for $440 million.{{Cite web|url=https://www.zdnet.com/article/lightspeed-to-acquire-point-of-sale-rival-shopkeep-for-440-million/|title=Lightspeed to acquire point of sale rival ShopKeep for $440 million |date=5 November 2020 |work=ZDNet |last=Gagliordi |first=Natalie}} On 25 November 2020, Lightspeed announced closing the acquisition of ShopKeep.{{cite web |url=https://betakit.com/lightspeed-to-acquire-shopkeep-for-440-million-usd-reports-strong-q2-results/ |title=Lightspeed to acquire ShopKeep for $440 million USD, reports strong Q2 results |date=5 November 2020 |first=Meagan |last=Simpson |website=betakit.com}}