Breather raises $54 million Series C led by Menlo Ventures

Montreal-based Breather has announced $54 million in Series C funding, bringing its total funding to date to $96 million.

This Series C round was led by Menlo Ventures, the venture capital firm behind Uber, Tumblr, Warby Parker, and Siri. The funding also includes follow-on investments from RRE Ventures, Real Ventures, Slow Ventures, and Valar Ventures.

“Over the past year, we’ve seen hundreds of new businesses from a wide range of industries sign up every month,” said Julien Smith, CEO and co-founder of Breather. “The demand for Breather services is growing, and we’re excited to partner with Menlo Ventures because of their experience and alignment with our vision.”

The company plans to use the funding to expand its network of spaces in 2017. Currently, Breather boasts over 300 spaces across cities like Toronto, Montreal, Ottawa, New York, San Francisco, and London. The company also expanded to Chicago, Washington DC, and Los Angeles in 2016.

“Breather has tapped into a real need in the workplace. There hasn’t been a company of its kind offering spaces on-demand,” said Venky Ganesan, managing director of Menlo Ventures. Ganesan will be joining Breather’s board of directors. “Breather has a tremendous vision to connect the world’s spaces and make them accessible to all.”

Since its launch in 2012, Breather has secured partnerships like real estate firm Cushman & Wakefield, and launched a Breather for Business program that boasts clients like Apple, Google, Uber, GE, American Express, L’Oreal and IBM that use Breather for meetings and team off-sites.

“We differentiate ourselves through our consistent brand experience and no membership model offering flexible, dedicated space for you or your team,” said Smith. “Coworking spaces depend on consumers foregoing office space in the traditional sense, whereas Breather is a solution for everyone.”

Jessica Galang

Jessica Galang

Jessica Galang is BetaKit's News Editor.