SynthaSite Nabs $20M

San Francisco-based Synthasite, which develops Web 2.0 software to make it easy to create web sites, announced Tuesday afternoon that it has raised $20M in a Series B funding round. The round came from Reinet Fund S.C.A., based in Luxembourg. According to SynthaSite, the funding will go towards accelerating development of its tools, and for strategic acquisitions. The firm has previously raised $5M in November of 2007. More information »