Synthasite gets $20-million smackeroos

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.

Nice one guys.

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  1. Synthasite gets an additional $20million in funding | Web AddiCT(s); on Wednesday, February 18, 2009 at 12:29 pm

    […] is the coolest guy on the internet! (in South Africa at least). Well done Vinny! Apparently Synthasite will be changing its name to a 4 letter .com but that’s news for next […]