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November 25, 2007
South Africa's Synthasite Raises $5M from Luxury Label's Corporate VC Arm
Synthasite, an AJAX-based web site publishing tool provider, raised $5M from Compagnie Financière Richemont’s subsidiary, Columbus Venture Capital, based in Geneva. The startup plans to open its platform to third party developers next year, in order to allow them to create widgets, templates and plugins for the platform.
Richemont owns a portfolio of leading international brands and it wholly owns Columbus Venture Capital, which invests in the global branded consumer goods markets, information technology and digital media.
In a statement, the investor said that it believes that the luxury sector will benefit from enabling technologies in things like electronic retailing, channel e-commerce, data security and authentication.
Read - alarm:clock's profile of Synthasite
Read Synthasite Raises $5m Series ''A'' Round
Posted on November 25, 2007 07:02 PM | Posted to News And Updates | Permalink
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