Even though Breather has not launched its services publicly, the stealth startup has managed to secure a whopping $1.5 million as a result of a seed funding round that was concluded on Wednesday, June 5th. The seed round of Breather was guided by Canada-based Real Ventures with contributions also coming from Gary Vaynerchuk, Mike Walsh, an investor of Uber and Loic Le Meur. With this funding round Breather has not only managed to seize some solid backers, but the funding will also enable it to launch its services in a grand style. Initially the startup will open its head offices in New York City and Montreal, which will help it to lure businessmen in both countries that could prove extremely lucrative for Breather, as it could see a decent demand for its services.
Here is how the startup describes itself:
“Breather is a network of rooms inside cities that are opened by phone. If you are a member, you can access them at any time for a small fee. This is like zipcar for rooms. Just like you need short term car usage, lots of people use space in the short term. Right now, the best option when you’re away from your office and home is Starbucks. Breather wants to change that. All the spaces have wifi and all the other essentials for work, but are more like a lounge than an office.”
Julien Smith, the founder of Breather explained it by saying that, “On-demand space is inevitable. It was just about how it was going to be done. As soon as I saw the technology emerging, I knew what the implications were. So I went for it.”
Adding to it he said that, “I wanted to give people a place where they could get peace and quiet, anytime, whatever their reason for it. A Breather is like a little studio apartment or office. We make sure it’s always nicely furnished, with good wifi you don’t have to ask the password for. They’re always quiet, private, and clean, so you can take a phone call, have a meeting, or take a nap.”
According to Walsh of Structure Capital, “As an investor in Breather, I’m excited about the huge market to leverage dormant real estate assets and love how the Breather team will capitalize on this market. Having invested in the first round of Uber, it’s deja vu for me.”
Source: TechVibes
Photo: Flickr
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