Prezi raises $ 57 million to become “PowerPoint killer”

by bold-lichterman

“We come from a period when Microsoft controlled the productivity chain from start to finish”, explains to Frenchweb Peter Arvai, CEO and co-founder of Prezi, the online tool that allows you to design interactive and dynamic presentations in just a few clicks. Founded in 2009, his start-up, which dreams of being a “PowerPoint killer”, now has more than 50 million users worldwide, and more than 160 million “prezis” created and does not intend to stop in such a good way. Sharing its offices between San Francisco and Budapest, the company has just raised 57 million dollars (45.5 million euros) from Spectrum Equity and Accel Partners.

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Peter Arvai, co-founder and CEO of Prezi, at Fenchweb in March 2014.

“We have been in contact with Victor Parker from Spectrum for quite some time. Spectrum is an expert in business models subscription-based, like Prezi. They’ve invested in successful companies like SurveyMonkey, Ancestry.com, and Lynda.com. These companies have business models very similar to Prezi, ”the co-founder points out.

“With Spectrum, we not only raised funds, but also gained their expertise on how best to grow our business. We also had a very good chemistry with Victor, whom I have known for some time (…) We will use this investment to accelerate our rapid growth and give employees the possibility of liquidating part of their shares, ”he continues.

In France, the platform claims 500,000 users for 1.8 million available presentations, while the company landed among the Gauls only a few months ago. [lire notre article : [PowerPoint killer] Prezi launches in France. Motivational interview with Peter Arvai, its CEO, editor’s note].

Side economic model, Prezi offers three formulas. The first, free, provides access to basic functionalities (creation of documents, collaboration with several…). The other two are billed at $ 13.25 per month, or more depending on volume, and provide access to more storage in cloud, and additional options like custom themes, advanced image editing, and the ability to work offline.

“Our main source of income comes from licenses. Prezi is founded on a model freemium and users pay for the privacy. Slide presentations have been around for a long time. But what we are seeing in the market is in line with our belief: there is a better way to captivate an audience with your message ”.

Peter Arvai, CEO and co-founder of Prezi, was at Frenchweb in April for the launch of Prezi in France: