SynthaSite Lands $20,000,000 Series B Financing Round

  • Feed Type
  • Date
    2/17/2009
  • Company Name
    SynthaSite
  • Mailing Address
    51 Federal Street San Francisco, CA 94107
  • Company Description
    Small businesses and individuals need great-looking, functional websites. They should be able to easily control their content. They should not be forced to place ads on their sites. They should be able to build and host their sites for free. These are the fundamental beliefs that drive us here at SynthaSite.
  • Website
    http://www.synthasite.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The company plans to use the capital to accelerate the development of its Web site creation tools and its peer-to-peer e-commerce platform through organic growth and strategic acquisitions in both its San Francisco and Cape Town, South Africa locations.
  • M&A Terms
  • Venture Investor
    Reinet Investments

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