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Velosel raises $16 million

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.

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.