Breather raises $60 million


Montreal-born Breather, a provider of flexible and private workspaces, has raised $60 million (US $45 million) in additional financing from seven investors led by Menlo Ventures, the Caisse de dépôt et placement du Québec, Ascendas-Singbridge and Temasek.

The round closed on June 4. All told, the company has raised nearly $120 million.

CEO Julien Smith told the Commercial Observer that this marks the first time Breather is receiving funding from real estate players. He said his company “will see meaningful amount of capital coming from real estate.”

Previous investors have included Valar Ventures, RRE Ventures, Slow Ventures and Real Ventures.

The on-demand space provider is in more than 300 buildings across 10 cities—via leases and/or revenue-sharing agreements with landlords. Breather has spaces in London, two Canadian cities—Montreal (where it was founded in 2013) and Toronto—and seven U.S. cities.

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