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OneSoft Secures Additional $32 Million in Venture Financing

MCLEAN, Va.-- OneSoft Corp., a provider of Internet commerce software and vertical market solutions, announced that it has secured an additional $32 million in venture financing, bringing the total amount of venture capital the company has raised to approximately $47 million.

OneSoft's third round of financing was led by QuestMark Partners, a late-stage private equity fund based in Baltimore. Other significant investments were made by General Electric Pension Trust, Riggs Capital Partners, two Deutsche Bank-managed funds, and existing investors SGC Partners and Rader Reinfrank & Co. Participants in OneSoft's second round of financing included Societe General Capital Corporation and Rader Reinfrank & Co. Participants in the company's first round of financing included Blue Water Capital and Societe General Capital Corporation. The private placement was managed by Deutsche Bank Alex. Brown.