Synthasite gets $5 Million first round funding

“South African Internet startup Synthasite recently announced that it has signed a $5 million investment agreement with Compagnie Financière Richemont’s subsidiary, Swiss-based Columbus Venture Capital.

Synthasite is a free Web 2.0 Publishing Platform that allows users to construct a website without any knowledge of HTML or programming, using drag & drop along with configurable dialog windows. The Company recently launched its AJAX based platform into Beta and has attracted nearly 10,000 users so far. Synthasite also plans to open it’s platform to third party developers next year, in order to allow them to create widgets, templates & other plugins for the platform.

Synthasite will relocate certain functions from Cape Town, South Africa to California, USA in order to be closer to the key players in the Web 2.0 space.” imod.co.za

fringsters, Synthasite is a great new South African start up and is definitely worth supporting. If you plan on creating your own website but fear that you don’t have the necessary skills, give Synthasite a try you won’t be sorry.