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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Real Estate
breather.com

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Founded Year

2013

Stage

Acquired | Acquired

Total Raised

$113.7M

Valuation

$0000 

About Breather

Breather offers its members an on-demand network of private rooms designed for work and relaxation, each of which can be accessed by smartphone.On June 1st, 2021, Breather was acquired by Industrious at a valuation of $3M.

Breather Headquarter Location

5605 Avenue de Gaspé Suite 701

Montreal, Quebec, H2T 2A4,

Canada

514-577-9363

Latest Breather News

Industrious buys Breather’s listings platform

Jun 1, 2021

Breather CEO Bryan Murphy and Industrious CEO Jamie Hodari Flex-office operator Industrious acquired the listings platform and branding rights of Breather, the Canadian rent-by-the-day company that folded its flexible-office business last year. Industrious announced Friday that it bought Beather’s intellectual property, technology and data assets. It has a listings platform that includes some 700 on-demand workspaces. The purchase price was $3 million, according to Canadian newspaper The Globe and Mail. Industrious CEO Jamie Hodari told The Real Deal that Breather’s listings platform is a good complement to Industrious’ network of flex spaces, especially as office workers begin to navigate the new hybrid work model. “There’s going to be a lot more choice moving between spaces, and that could either be really empowering and a big improvement, or it could be full of friction and a pain in the ass having to make a decision every single day about what you’re going to do,” he said. “This should be one of the tools that helps make work-from-anywhere a better experience.” Industrious did not acquire Breather’s portfolio of on-demand office locations. Industrious operates co-working and short-term office locations on the asset-light management model, while Breather ran a network of offices it controlled under long-term leases and then rented out to members for as little as a few hours. The company was once one of Canada’s most promising startups, with a valuation as high as $100 million. But the business faced severe pressure due to the pandemic, and late last year, CEO Bryan Murphy announced plans to close more than 400 locations in the United States, Great Britain and Canada. “Breather, in its current form as an operator, doesn’t make sense, and, to be frank, I’m not sure it ever made sense,” he said at the time. The deal comes on the heels of CBRE’s $200 million investment in Industrious, which valued the company at more than $600 million. Contact Rich Bockmann

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Research containing Breather

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Breather in 3 CB Insights research briefs, most recently on Apr 14, 2021.

Expert Collections containing Breather

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Breather is included in 4 Expert Collections, including Real Estate Tech.

R

Real Estate Tech

2,189 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, sm

C

Co-Working & Co-Living Spaces

182 items

Companies offering communal working and living spaces.

W

Wellness Tech

1,207 items

We define wellness tech as companies developing technology to help consumers improve their physical, mental, and social well-being. Companies in this collection play across a wide range of categories, including food and beverage, fitness, personal care, and corporate wellness.

A

A16Z Marketplace 100 (2021)

100 items

The a16z Marketplace 100 is a ranking of the largest consumer-facing marketplace startups and private companies created by venture firm, Andreessen Horowitz.

Breather Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Breather Rank

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