# Breather Products

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/breather-products

- Industry: Internet
- Headquarters: Montreal, Canada
- Website: www.breather.com
- Total disclosed funding: $69M
- Latest round: Series D (Dec 19, 2019)
- Investors on record: 8

## About

Breather Products Inc. is a provider of flexible workspace solutions, offering diverse options like desks and private offices designed to meet the modern professional's needs across numerous global locations.Founded in 2012 and headquartered in Montreal, Canada, Breather Products Inc. specializes in flexible workspace solutions. The firm has undergone a significant change in ownership, being acquired by Industrious National Management Company LLC in May 2021. The founder, Evan Fain, has a history of entrepreneurial ventures, enhancing the company's growth trajectory. Breather has successfully completed 11 funding deals, raising a total of CAD 60.00 mn, with its latest funding round amounting to CAD 60.00 mn coming from investors such as Ascendas-Singbridge Pte. Ltd. and Temasek Holdings.Breather specializes in providing flexible workspace solutions, including desks, conference rooms, and private offices that cater to various customer needs in over 260 cities across 20 countries. Their core offerings are designed to address the evolving demands of professionals, ranging from freelancers and small businesses to larger enterprises seeking temporary office solutions. Each workspace is equipped with essential amenities, and users can access these locations on a flexible basis, reserving spaces as needed for specific time frames, such as hourly, daily, or monthly. Through a user-friendly platform, clients can easily search for and book spaces that suit their requirements, ensuring a seamless experience regardless of location. The company's geographical reach includes major markets such as New York City, Los Angeles, London, Sydney, and Toronto, among others, solidifying its presence as a significant player in the global workspace sector.Breather generates revenue through a straightforward transaction model that allows clients to reserve various workspace types based on their needs. Customers engage in transactions using a pay-per-use structure, which includes clear pricing for different workspace types, such as desks, conference rooms, and private offices. This model supports flexibility, as clients can select their desired spaces and complete their bookings with simple payment processes. Breather's pricing plans are designed to accommodate a range of users, from individuals needing occasional workspace to businesses requiring regular access to office facilities. By partnering with a network of space providers, Breather ensures that its clients receive a curated selection of high-quality workspaces that meet their operational requirements.Following its acquisition in May 2021, Breather Products Inc. will leverage its enhanced assets, including technology and brand, to improve its digital capabilities and expand its product offerings. The company aims to grow its global workplace network to adapt to the evolving needs of the modern workforce. Specific plans include launching new workspace solutions and expanding into additional international markets, with a focus on enhancing services in existing locations while exploring new territories based on market demand.

## Funding rounds

- Series D, Dec 19, 2019 — Valar, 500 Global
- Series D, Nov 5, 2019 — SOSV
- Series C, Jan 22, 2018 — SOSV
- Series C, Dec 7, 2016, $40M — Menlo Ventures, RRE Ventures, Valar, Real Ventures, Slow
- Series A, Apr 1, 2016, $1.5M — SOSV
- Series B, Sep 10, 2015, $20M — RRE Ventures, Valar, SOSV, Real Ventures, Slow
- Series A, Jul 11, 2014, $6.5M — RRE Ventures, SOSV, Real Ventures, Vayner/RSE
- Seed, Jun 5, 2013, $1.5M — SOSV, Real Ventures

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed, Series A, Series B, Series C, Series D
- Real Ventures — Seed, Series A, Series B, Series C
- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A, Series B, Series C
- Vayner/RSE (https://capitalatlas.ai/funds/vayner-rse) — Series A
- Valar (https://capitalatlas.ai/funds/valar) — Series B, Series C, Series D
- Slow (https://capitalatlas.ai/funds/slow) — Series B, Series C
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series C
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series D