 | |
| Industry | Prop Tech |
|---|---|
| Founded | 1 November 2012  |
| Founder | Caterina Rizzi, Julien Smith |
| Headquarters | |
Area served | North America & the UK |
Key people |
|
| Products | Flexible office and On Demand Meeting Space |
| Website | breather |
Breather is a flexible workspace provider based in Montreal, Canada. [1]
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]
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