Breather (company)

Last updated
Breather
IndustryProp Tech
Founded1 November 2012  OOjs UI icon edit-ltr-progressive.svg
FounderCaterina Rizzi, Julien Smith
Headquarters
Montreal, Canada
Area served
North America & the UK
Key people
  • Bryan Murphy (CEO)
  • Aja Baxter (General Counsel)
  • Dan Suozzi (CREO)
  • Glenn Felson (CSO)
  • Mark Frackt (CFO)
  • Philippe Bouffaut (CTO)
  • Samantha Goldman (VP of Marketing)
ProductsFlexible office and On Demand Meeting Space
Website breather.com

Breather is a flexible workspace provider based in Montreal, Canada. [1]

Contents

History

Breather was founded by Caterina Rizzi and Julien Smith, the company's CEO. [2] The idea came from Smith when he traveled and found himself working in various coffee shops. [3] Smith is author of three books and often traveled for public speaking events. [2] He founded the company as a way to let people find a quiet space. [3] Breather had a soft launch in Montreal before expanding to New York City. [4] As of 2019, the company had more than 500 private workplaces available in 10 major cities. [5]

As of June 2018 the company has raised a cumulative $122.5 million in funding. [6]

In January 2019, the company announced that Julien Smith would step down as CEO. He was replaced by Bryan Murphy, a former eBay executive. [5]

In December 2020, it was reported that the company's US and UK subsidiaries filed for insolvency in order to pull out from leases in over 355 offices. [7] This follows the company's larger plan to reach profitability by 2021, after overspending US$120 million of the $122 million it had raised in venture funding. [8]

In May 2021, Industrious, a USA provider of flexible workspaces, acquired key assets of Breather's listings platform. Breather now operates as a marketplace where customers can search and book conference rooms that are listed by third party landlords. [9]

References

  1. ↑ "Breather Raises $45 Million to Open Flexible Workspaces Around the World". Techvibes. 12 June 2018. Retrieved 2019-04-09.
  2. 1 2 Stone, Madeline (13 May 2015). "This startup wants to solve a major problem facing business travelers". The Business Insider. Retrieved 5 October 2015.
  3. 1 2 Ha, Anthony (4 September 2014). "Breather Raises $6M to Help City Dwellers Frind Private Breathing Rooms". TechCrunch. Retrieved 5 October 2015.
  4. ↑ Summers, Nick (27 February 2014). "Breather brings its 'Uber for private workspaces' to New York ahead of San Francisco roll-out". The Next Web. Retrieved 5 October 2015.
  5. 1 2 "On-demand workspace platform Breather taps new CEO". TechCrunch. 17 January 2019. Retrieved 2019-04-09.
  6. ↑ Schramm, Lauren Elkies (11 June 2018). "On-Demand Workspace Provider Breather Raises $45M in Funding Round". Commercial Observer.
  7. ↑ "Co-working space firm Breather abandons hundreds of leases". The Logic. Retrieved 2020-12-19.
  8. ↑ "Breather's US, UK subsidiaries reportedly file for insolvency | BetaKit". 2020-12-16. Retrieved 2020-12-19.
  9. ↑ Manrodt, Alexis (2021-05-28). "Industrious Buys Breather Listing Platform". The Real Deal. Retrieved 2023-07-12.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.