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Breather, a company that provides short-term rentable office spaces, raised $45M in its latest funding round.
Menlo Ventures led the round, the company announced Tuesday, and Caisse de Depot et placement du Quebec, which owns Ivanhoé Cambridge, and Singapore based-investment companies Ascendas-Singbridge and Temasek also participated in the funding round.
Its Series C funding round, also led by Menlo Ventures, raised $40M. In total, the Montreal-based firm has now raised $120M. Founded by Caterina Rizzi and Julien Smith, Breather offers short-term office space that can be rented by the hour, day or month.
The company furnishes the spaces and offers them on a short-term basis. It is one of a growing number of companies making money out of the need for last-minute and meeting space.
Breather has space in 300 buildings around the world, including New York, San Francisco, London and Toronto.
“Our customers include businesses of every size, from growing startups to leading enterprise organizations, to provide space solutions that scale to their needs,” Breather CEO and co-founder Julien Smith said in a statement. “Breather enables businesses to access the space they need when they need it, with the freedom to scale usage up or down when they want to.”
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