Breather a simple mobile app that helps you find a calm workplace in the city, announced that it has raised $40 million in a Series C. Including the recent funding Breather has raised about $73 million till date.
Breather offers on-demand stylish work spaces, this New York based startup has almost tripled its count of spaces to mover 300 in 2016. It currently operates in the United States and the United Kingdom.
Breather was founded in 2012 by Julien Smith and Caterina Rizzi. They formed Breather with an aim to address the needs of professionals working outside typical office setting. Sure there is a Starbucks on every street, with wifi and coffee, but these places are not ideal work environments, they tend to get crowded and noisy.
The series was led by Menlo Ventures’, the Managing Director of Manlo, Venky Ganesan told TechCrunch that, ““We did not think the CEO would hit his plans and that the company would use the money… But twelve months later, they hit all their plans and companies like Facebook, and Uber are using Breather all the time. A Breather space in any building becomes the most valuable space there with off the charts revenue per square foot.”
The investors were more interested on the fact that people have been using Breather for more than setting up meeting spaces. People use Breather for wide range of activities such as tutoring sessions, conferences, rehearsals and sometimes even for marriage proposals.
The company wants to hire and expand further saturation where it already offers workspaces with its Series C capital. And the new cities where Breather is going to set up its stylish workspaces are yet to be decided.
Breather allows users to book a workspace with a 30 min notice. It sends a pincode to the users mobile app, which they can use to open the door to the office space they just secured.
With the growing demand for instant workspaces, Breather has to face competition from other such online portals like ShareDesk, Liquidspace and so on.