Breather flexes series D muscles

The flexible workspace provider has raised $46m from investors including Caisse de dépôt et placement du Québec.

Canada-based flexible workspace operator Breather raised C$60m ($46m) in series D funding this week from investors including Caisse de dépôt et placement du Québec, the Quebec state-owned pension fund manager. Temasek, the Singaporean government-owned investment firm, and real estate developer Ascendas-Singbridge also participated in the round.

Founded in 2013, Breather currently runs approximately 500 short-term, fully furnished office and conference rentals globally. Its international locations include London, New York City and San Francisco.

Menlo Ventures led a $40m series C round in 2016, with participation from Valar Ventures, RRE Ventures, Slow Ventures and Real Ventures. Valar had previously led a $20m series B round in 2015, with support from Real, RRE, Slow and SOS Ventures.

In 2014, RRE led a $6.5m series A round that featured Vayner/RSE, Real Ventures, SOS Ventures and other, unnamed backers. Breather had secured $1.5m in a seed round in 2013 led by Real, with commitments from assorted angel investors.

See more from this Government Report: Canada, Singapore


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