SynthaSite Gets A $20 Million Boost For Simple Website Creation Software
There have been simple, browser-based website creation tools available on the market ever since the WWW turned mainstream, but there’s clearly still a significant demand for this type of services, especially with the way the web is evolving.
SynthaSite is one of the players in the DIY website / blog builder field, and they’ve just gotten a huge vote of confidence from their investors: the company has announced a $20 million Series B round from Luxembourg-based Reinet Fund and plans to use the money to grow both organically and through selected acquisitions (they made a first small one past December when they bought Clickpass).
This is actually the same investor as the $5 million Series A round it raised in November 2007, but then then-called Columbus Venture Capital was recently restructured into Reinet, which is now a listed entity on the Luxembourg & Johannesburg Stock Exchange with over $2 billion in market cap.
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