SynthaSite rolls in $20m investment

Once again, South Africa born bread  Vinny Lingham continues to inspire. SynthaSite brings in a whooping $20m further investment to expand the infrastructure, systems, process & support for his business. SynthaSite’s main goal is to make it easy enough that anyone with a computer to create a website for their small business, organization or personal needs with a simple click with the mouse button. Vinny believes that with this $20m investment he can now grow very quickly and become the DE-facto standard amongst for business & personal website building.

With over 40+ staff members, vinny hopes to take SynthaSite to various large ISP’s & PC Manufacturer and to further more distribute SynthaSite to a mass market level.

synthasite

Vinny writes:

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: http://www.techcrunch.com/2009/02/17/synthasite-gets-a-20-million-boost-for-simple-website-creation-software/

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…

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1 Comments
  1. I have come across synthasite before, I however had no idea it was driven by a South African. Its good to see that we as South Africans are participating online, and we not merely spectators!

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