Velosel announced on Monday that it has raised a $16 million second round of funding, led by Walden International and Softbank Venture Capital. 
Rolling Thunder Network also participated in this round. Mountain View, Calif.-based Velosel has raised a total of $29.5 million. The company is developing business-to-business software that allows suppliers to connect to buyers of products.
Softbank is an investor in CNET Networks, publisher of News.com.
See complete list.