The Montreal-based company offers short-term office rentals, whether it be travellers popping in for a few hours or new startups renting out a few desks until they outgrow the space and move onto something larger. The market has become a multi-billion dollar industry with several huge names all operating locations in a single city while still seeing success and growth.<\/p>\n
This new round of financing marks Breather\u2019s first foray into working with real estate companies on the investment side of things, which is a natural progression considering Breather often operates smaller spaces in buildings owned by other holding groups or companies. So far, Breather has over 500 locations around the world, including 27 in Montreal and 38 in Toronto\u2014a shocking number considering the company expanded to the city<\/a> just over two years ago.<\/p>\n Breather works with landlords to create private workspaces for their customers, as opposed to coworking solutions that often combine several dozen companies and workers together into one space.<\/p>\n \u201cOur customers include businesses of every size, from growing startups to leading enterprise organizations, to provide space solutions that scale to their needs,\u201d said Julien Smith, founder and CEO of Breather. \u201cBreather enables businesses to access the space they need when they need it, with the freedom to scale usage up or down when they want to.\u201d<\/p>\n The new partnerships formed through this funding\u2014especially with Ascendas-Singbridge and Temasek\u2014allow Breather to break into international markets even quicker and open new locations across Asia.<\/p>\n \u201cBusinesses in Asia and worldwide increasingly seek out real estate options with more flexibility than traditional leases and other long-term commitments,\u201d said Yi Ta Chng, CEO of business community & development at Ascendas-Singbridge. \u201cWe see how Breather\u2019s innovative approach to \u2018space-as-a-service\u2019 is solving a real need in the market that other models like coworking have not and we look forward to supporting Breather in bringing that future to reality.\u201d<\/p>\n![\"Breather](\"https:\/\/d3ghupt9z9s6o0.cloudfront.net\/app\/uploads\/2017\/07\/13100306\/Breather-Montreal-Office-Killer-Spaces-15-1024x682.jpg\")