Synthasite gets an additional $20million in funding

Vinny Lingham continues to inspire, forging ahead with Synthasite and receiving an additional $20 million in funding…

To all my friends, family & colleagues,

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. I have attached the press release for your benefit – there is also an article on TechCrunch today about the announcement:
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. We wanted to provide the opportunity for anyone anywhere to build a website that would achieve their unique goals, from starting a small business to showcasing their achievements.

In 2007, we raised $5 million in venture capital and moved our headquarters to San Francisco (where I am now based fulltime), keeping a good portion of our technical team in Cape Town. Since then, SynthaSite has grown from just a handful of people to more than 40 individuals across both offices, supporting over one million users and growing rapidly.

I’m unbelievably excited about the future of SynthaSite and look forward to building on our success in helping you and many others reach their potential online. These past 15 months have just been the beginning…
Vinny Lingham
Founder & CEO, Synthasite

He 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 month.