Breather raises $45M from Menlo Ventures-led group

Short-term private space rental company Breather raised $45 million in a new funding round.

Menlo Ventures, which also led the company’s $40 million Series C round in 2016, led the latest round. Pension fund manager and Ivanhoe Cambridge parent Casse de Depot et Placement du Quebec also invested along with Ascendas-Singbridge and Temasek, according to a release.

Breather’s recent funding rounds raised a combined $118 million. The Montreal-based company led by Julien Smith rents rooms in commercial properties, furnishes them and makes them available as short-term rental meeting rooms or offices.

The company occupies more than 500,000 square feet across around 300 properties in 10 cities, including New York. — Konrad Putzier