Space provider Breather nets $53 mln in Menlo-led Series C round

Breather, a Canadian provider of on-demand meeting rooms and workspaces, has raised about $53 million (US$40 million) in a Series C financing, bringing its total funding so far to nearly $100 million (US$73 million). The round was led by U.S. venture capital firm Menlo Ventures and joined by existing backers Valar Ventures, RRE Ventures, Slow Ventures and Real Ventures. Founded by CEO Julien Smith and CCO Caterina Rizzi in 2012, Breather operates a network of more than 300 spaces across 10 global markets, including New York, San Francisco and London. The Montréal company reports tripling its footprint this year and plans to continue its expansion into new markets in 2017.

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