Big money for simple websites: SynthaSite raises $20M
SynthaSite, an easy-to-use website builder, has raised $20 million in a second round of funding.
We’re talking about a jaw-dropping amount of cash, particularly when you add that to the $5 million that SynthaSite raised in 2007. That’s a big vote of confidence from Reinet Fund S.C.A.; before restructuring as Reinet, the fund’s prior incarnation as Columbus Venture Capital backed the San Francisco company’s first round. The round also cements SynthaSite’s tremendous lead in funding over… Continue Reading
Website builder SynthaSite reaches 1M users
Website building startup SynthaSite crossed the 1 million user mark in mid-December, it announced today. That’s a lot of websites, and the growth is particularly impressive given the San Francisco company only left beta testing a year ago, in November 2007.
I imagine that growth will have to continue if SynthaSite wants to hit profitability. When I spoke to chief executive Vinny Lingham in October, he said SynthaSite is still experimenting to find the right business… Continue Reading
Site-builder SynthaSite gets new way to make money
Easy-to-use website builder SynthaSite unveiled a bunch of new features today that make it easier for users to blog and make money from their websites. Equally important, they also present new revenue opportunities for the San Francisco company.
From a business perspective, the most interesting addition may be the domain registration feature. SynthaSite, after all, offers its website building tools for free, as well as free sites under the synthasite.com domain. But what if users want… Continue Reading