Tuesday, November 29, 2011

Onestop Internet Gets $9.5M

Rancho Dominguez-based OneStop Internet, which develops e-commerce websites for fashion brands, including True Religion, John Varvatos and Seven For All Mankind, has raised $9.15M in a strategic investment round, the firm said Tuesday. The round came from Fund Capital USA, a private equity firm. Onestop, which is headed by John Tomich, has previously raised capital from Bessemer Venture Partners. Fung Capital is the private equity firm of Victor Fung and William Fung, the Chairman and Group Managing Director of Li & Fung Ltd. Li & Fund is a high volume supplier of clothes, toys, furnishings, and other products to Wal-Mart, Toys 'R' Us, and other retailers. More information »