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Basho Nabs $2M in Second Round

Basho Technologies, a Cambridge, MA-based provider of enterprise sales software, says it has completed an initial $2 million close of a Series B round of preferred stock. The startup plans to use the funds to begin sales of its Open Basho software, which is designed to make the sales process more efficient and effective in large organizations. Harbor Island Equity Partners, of Wilmington, NC, led the new round of financing, which included contributions from the Wilmington Investor Network, an angel group in Wilmington.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.

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