Stylesight, an online destination which provides trend forecasting and product development tools for the fashion industry, announced it's closed a $10 million equity investment from Cue Ball Capital and return backer Volition Capital.  The startup previously raised $16 million back in 2008.

Founded back in 2003, the New York-based startup offers a closed Website for folks working in the fashion industry - so not anybody can get in unless they sign up for a subscription.  It's a complete SaaS package loaded with tools for fashionistas.  The content is designed to provide fashion merchandisers and designers access to the latest trends along with an image library of current fashions.  Stylesight says its team consists of industry insiders whose extensive careers traverse the fields of fashion design, trend analysis, forecasting, reporting, merchandising and apparel manufacturing.

And it's not limited to the English speaking.  The company offers its services in Chinese, Japanese, and Spanish as well.

“Stylesight has proven itself to be the premier information service for the global fashion industry,” says Larry Cheng, Managing Partner at Volition Capital.

The company recently was awarded "Best Retail Website," by FOLIO Magazine.  

Stylesight said the funds would serve to accelerate its rapid growth.  It's also added Richard J. Harrington, Chairman and General Partner of Cue Ball Capital, and retired CEO of The Thomson Corporation (now Thomson Reuters), to its Board of Directors.