SynthaSite is an online service that makes building websites effortless. The company has now announced a new $20 million Series B fund from Reinet Fund (currently has $2 billion in capital). The VC firm previously also firstly invested $5 million. The valuation was not disclosed. SynthaSite says it currently has 1 million registered users and it is growing rapidly. There are already a number of other services online that let you easily create websites without programming knowledge, including Webjam, Sampa, Weebly, Webme, among others. There are also some big players in this Space, including Google and Microsoft. The thing is, all of these services offer very little differentiation. SynthaSite currently makes money by selling domain names with its affiliate Network Solutions. SynthaSite will also begin to generate revenue from premium accounts that will include more advanced features, unique templates, among other features. Even the free services don’t even have any ads, but I wouldn’t be surprised if they started including ads as more people use the service.