Microsoft PowerPoint Rival Prezi Raises $57 Million
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Prezi Inc., which makes an Internet-based presentation application, raised $57 million to expand its global efforts to provide an alternative to Microsoft Corp.’s PowerPoint software.
Private equity firm Spectrum Equity led the financing with venture capital firm Accel Partners also participating, adding to the $15.5 million raised in two earlier rounds, Prezi Chief Executive Officer Peter Arvai said in an interview. The San Francisco-based company is now valued at roughly $300 million, said a person with knowledge of the situation.