Prezi, a Budapest-based digital presentation company closed a $14m Series B round on December 15, bringing its total raised up to about $16m after TED Conferences participated in an earlier round.
The New York-based global conference organisation TED participated in Prezi’s 2009 Series A funding that raised $1.5m. TED talks and events themselves often use Prezi’s zoomable presentation tools.
The latest funding round was led by California-based Accel Partners and included renewed participation from Denmark-based Sunstone Capital, which led the 2009 round.
In 2009 news provider TechCrunch reported that Prezi received $160,000 in seed funding from Budapest-based telecommunications company Magyar Telekom.
Chris Anderson, curator of TED Conferences, said: "Prezi is helping reinvent the art of presentation. Farewell, one-dimensional thinking. Welcome instead the power of inter-connection, flexibility, and the unexpected ‘Aha!’.
PowerPoint co-founder Rob Campbell added: "Prezi has a marvellous approach to the visualisation of information — the freshest I’ve seen since the 1980s — and certainly has the potential to gain shares over PowerPoint."