PowerPoint-rival Prezi closes $57M growth round with Accel and Spectrum

prezi-budapestHungarian-founded company Prezi who develops and sells user-friendly presentation creation software has raised $57 million in funding from US private equity firm Spectrum Equity and existing investor Accel Partners.

Prezi CEO Peter Arvai told on stage at Slush conference in Helsinki that the fresh funds will most likely be used for growth, possibly via acquisitions. Arvai also said that the 5-year old software company now has over 50 million users. The company claims 80% of Fortune 500 companies use their services.

Prezi’s PowerPoint-rival is basically a cloud-based service that allows people to create great looking presentations very quickly and share with other over the internet. Prezi said in a statement that over 160 million ‘Prezis’ have been created so far.

The company has headquarters in Budapest (see the picture) and San Francisco. The percentages given to Spectrum and Accel have not been disclosed. Two investors will deploy a member each in Prezi’s board of directors.

 

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