‘At the beginning, we were in Class B buildings at best and now we work with
Class A landlords and the size of spaces is also very high’,said Julien Smith CEO
Breather a mobile app that lets its users discover stylish workspaces on demand,
raised a 40 million dollars and a series C round. This funding brings Breather’s
total capital raised up to 73 million dollars. Menlo ventures led the round joined
by RRE ventures, slow ventures, real ventures and Valar ventures. Breather space
in any building becomes the most valuable space there with off the charts
revenue per square foot. The company intends to utilize its Series C capital for
hiring and geographic expansion which includes further saturation where it
already offers workspaces and new cities yet to be determined.
Founded in 2012, breather operates just about 300 spaces across 10 markets
which include New York, Chicago, San Francisco, Washington D.c and London. It
lets its users book a workspace and allow them to open door to office they have
booked with a pin code and delivers to their smartphones. As per the smith the
company currently functions 150 spaces in New York City and that adding another
300 in the coming year is realistic.
As per Menlo ventures’ Breather has tapped into a real need in the workplace and
hasn’t been the company of its kind offering spaces on demand’.
Breather has a tremendous vision to unite the
world’s spaces and make them accessible having no membership fees or long-
term contracts as an alternative, the company provides workspaces on a pay per
use basis through the company’ app.