Quebec-based Breather completes a CAD $60 million funding round led by la Caisse and Temasek

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Breather, a leading global provider of flexible workspace, announces that it has raised approximately $60 million in equity including la Caisse de dépôt et placement du Québec (“la Caisse”) and joined by several other global firms including Temasek and Ascendas-Singbridge. Short-term office rental services make up a multi-billion-dollar industry that provides monthly to hourly workspace rental options, including fully furnished offices, conference and meeting rooms. All types of companies, from start-ups to Fortune 500 companies, are turning toward the commercial real estate industry for flexible workspaces to meet their changing operating needs and to reduce costs. The segment in which Breather operates, which focuses on private, fully furnished offices and conference rooms, accounts for 71% of the industry. Within the last five years, Breather has demonstrated its strong capacity to succeed in the workspace rentals sector by scaling to 10 cities globally. Today, the company is notably present in New York City, San Francisco, Toronto, and London. false false false Investing in Breather allows la Caisse to get ahead of a new real estate trend with one of its top players. false false false Founded in 2013, Breather operates close to 500 spaces globally. To date, the company has raised nearly CAD $150 million from partners including Menlo Ventures, Valar Ventures, RRE Ventures, Slow Ventures and Real Ventures. false false false ABOUT BREATHER Breather is the leading provider of space-as-a-service, with its growing network of private workspaces built for productivity. Breather gives businesses access to a variety of workspace solutions on the most flexible terms - by the hour, day or month with hundreds of spaces available across 10 cities including New York, San Francisco, Los Angeles, and London. Powered by its proprietary technology, Breather makes it easy to find space for quick meetings and full-day offsites, or longer-term solutions for your entire office. Learn more and explore spaces at www.breather.com. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As of December 31, 2017, it held $298.5 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.