Prezi has secured $57 million in funding. The investors were Spectrum Equity and Accel Partners. According to Prezi, the capital will be used for growth. Based in San Francisco and Budapest, Prezi is a presentation platform that helps people connect with their audiences.
SAN FRANCISCO, CA–(Marketwired – November 19, 2014) – Prezi, the presentation platform that helps people connect more powerfully with their audiences, announced today that it has received a $57 million investment from Spectrum Equity, a leading growth equity firm, with participation from existing investor, Accel Partners. Spectrum, whose previous investments include prominent subscription-based businesses such as Ancestry.com, SurveyMonkey and Lynda.com, led the financing. Prezi plans to use this investment to accelerate its rapid global growth. The company also announced today that it has surpassed 50 million users, nearly doubling in the past twelve months. With more than 160 million prezis created to date, Prezi has the world’s largest publicly available presentation database.
“We are thrilled to have Spectrum on board as an investor in Prezi. They understand our business, have deep expertise with cloud-based software companies and have a long term perspective, just like we do,” said Peter Arvai, CEO and co-founder of Prezi. “Our expanding community relies on Prezi to help make their presentations memorable — from the classroom to the boardroom. We are here to build the best experience for presenters to engage their audiences.”
“We have followed the growth of Prezi for a few years and believe that Prezi is quickly becoming the preferred application for businesses, entrepreneurs and educators, to create and deliver distinctive visual presentations and share ideas. We believe Prezi’s product platform, coupled with the power of its growing user base and content library, make this a particularly compelling opportunity,” said Victor Parker, Managing Director at Spectrum Equity. “Prezi is exactly the kind of company we want to invest in: it has an innovative and disruptive product, strong international brand driving organic traffic at scale, a growing user-generated content library and a compelling business model.”
Prezi’s rapid global growth can be attributed to business users looking for a more impactful way to present, which helps them land clients, train customers, and inspire audiences. Many teams within companies such as Salesforce, Lufthansa, Marriott and IBM have switched from slides to Prezi, citing measurable increases in results.
“I’ve seen customer satisfaction increase substantially — nearly 30 percent — since switching to Prezi for my presentations 18 months ago,” noted Robert Duffner, Director of Mobile Strategy at Salesforce. “It’s exciting to see such a significant jump in the perceived quality and delivery of content; we know Prezi is making a measurable difference in our meetings.”
Prezi is the presentation platform that helps you connect more powerfully with your audience. Unlike slides, Prezi’s interactive, zoomable canvas lets you show relationships between the big picture and fine details, putting your ideas in context. Your message is more likely to resonate, motivate, and be remembered. Founded in 2009, and with offices in San Francisco and Budapest, Prezi now fosters a community of over 50 million users and over 160 million prezis around the world. With investors including Accel Partners, Spectrum Equity, and TED Conferences, Prezi is in the business of making presenters great.
About Spectrum Equity
Founded in 1994 with offices in Boston and San Francisco, Spectrum is a leading growth equity firm that provides capital and strategic support to its portfolio companies. Spectrum has invested in over 120 companies in the last 20 years – representative investments include Ancestry.com, BATS, GrubHub, Lynda.com, Passport Health, RiskMetrics Group, SurveyMonkey and World-Check. For more information about Spectrum, including a complete list of investments, visit www.spectrumequity.com.
About Accel Partners
Accel Partners is a leading early and growth-stage venture capital firm, powering a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a world-class, category-defining business. Founded in 1983, Accel brings more than three decades of experience building and supporting hundreds of companies. Accel’s vision for entrepreneurship and business enables it to identify and invest in the companies that will be responsible for the growth of next-generation industries. Accel-backed companies include Atlassian, Braintree, Cloudera, Dropbox, Dropcam, Etsy Facebook, Flipkart, MoPub, Qualtrics, Rovio, Slack, Spotify, Squarspace, Trulia, Vox Media, VSCO, 99 Designs and others.