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Breather raises 40 million dollars for elegant workspaces

‘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.

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.

Source: www.crunchbase.com

Breather raises 40 million dollars for elegant workspaces
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