A mobile app that lets users find and book stylish workspaces on-demand, Breather, raised a Series C round of $40 million.
The funding brings Breather’s total capital raised to $73 million. Menlo Ventures led the round joined by Valar Ventures, RRE Ventures, Slow Ventures and Real Ventures.
According to a company statement, Breather intends to use its Series C capital for hiring, and geographic expansion, including further saturation where it already offers workspaces, and new cities as yet to be determined.
Founded in 2012, Breather now operates approximately 300 spaces across 10 markets, including in Chicago, New York, San Francisco, Washington D.C., and outside of the U.S. in Toronto and London.
Breather lets users book a workspace for as little as 30 minutes on very short notice. It also allows them to open the door to an office they’ve booked with a pincode delivered to their smartphones.
The company’s competitors include Peerspace, Liquidspace, Sharedesk and apps from traditional office rental businesses like Regus that now allow booking of rooms via mobile.
