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. Read the full story