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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.