We may be in the height of the dry season in Cape Town but you probably wouldn’t have guessed by looking at the dam…
Synthasite, the site that creates sites, has just received $20-million more in funding. It’s been the worst kept secret in the industry, but now it’s official. The site is also about to undergo a name change to secure a much shorter, four-letter .com domain — but this is yet to be officially announced.
One of the founders Vinny Lingham sent a mail saying: “When we began building SynthaSite from our humble base in Cape Town, we sought to create a company whose product would change the lives of millions of people by giving them a voice online. ”
In 2007 Synthasite raised $5-million in venture capital. They then moved their headquarters to San Francisco, while retaining their technical team in Cape Town. SynthaSite has grown from just a handful of people to more than 40 across both their local and US office. It claims to have more than a million unique browsers.
Says Lingham: “Today, I’m proud to announce that Reinet Fund has just invested $20 million into SynthaSite, securing our future and enabling us to continue to build our business model and product offering. This is a massive vote of confidence in SynthaSite.”
Techcrunch also has coverage here.