About Probo Medical
Probo Medical is a company based in Milwaukee (United States) founded in 1986 was acquired by Probo Medical in December 2023. It operates as a Professional Services, and Reseller / Distribution. Probo Medical has raised $3.19 million across 1 funding round from investors including Probo Medical and Baird Capital. Probo Medical has completed 2 acquisitions, including BC Technical and Medical Optics. Probo Medical offers products and services including Biomed & Imaging Parts, Ultrasound Service, Medical Battery Manufacturing, and Bone Mineral Density Service.
- Headquarter Milwaukee, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Alpha Source, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.19 M (USD)
in 1 rounds
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Latest Funding Round
$3.19 M (USD), Series A
Oct 23, 2017
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Investors
Probo Medical
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
BC Technical
& 1 more
- Acquired by
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Products & Services of Probo Medical
Probo Medical offers a comprehensive portfolio of products and services, including Biomed & Imaging Parts, Ultrasound Service, Medical Battery Manufacturing, and Bone Mineral Density Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-quality replacement parts for biomedical equipment are provided.
Ultrasound equipment life is extended through expert service.
Medical battery packs are manufactured for optimized performance.
BMD equipment service is provided with OEM quality.
Funding Insights of Probo Medical
Probo Medical has successfully raised a total of $3.19M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.19 million completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $3.2M
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First Round
First Round
(23 Oct 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Series A - Probo Medical | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Probo Medical
Probo Medical has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Probo Medical and Baird Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Global private equity and venture capital investments in B2B Tech & Services companies.
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Founded Year | Domain | Location | |
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Refurbished and new diagnostic imaging equipment and services are supplied.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Probo Medical
Probo Medical has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BC Technical and Medical Optics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Repair services for endoscopes and surgical instruments are provided.
|
2013 | ||||
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Distributor of imaging equipment
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1995 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Probo Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Probo Medical Comparisons
Competitors of Probo Medical
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Probo Medical
When was Probo Medical founded?
Probo Medical was founded in 1986 and raised its 1st funding round 31 years after it was founded.
Where is Probo Medical located?
Probo Medical is headquartered in Milwaukee, United States. It is registered at Milwaukee, Wisconsin, United States.
Is Probo Medical a funded company?
Probo Medical is a funded company, having raised a total of $3.19M across 1 funding round to date. The company's 1st funding round was a Series A of $3.19M, raised on Oct 23, 2017.
What does Probo Medical do?
Healthcare technology management solutions are offered by Probo Medical through Alpha Source, focusing on extending the life of medical equipment, reducing lifecycle costs, and streamlining biomed parts logistics for hospitals nationwide. Services and parts for ultrasound, biomedical, imaging, and bone mineral density equipment are provided with a commitment to quality and cost-effectiveness. Expertise in medical battery manufacturing is also utilized to optimize performance and costs in the healthcare sector.
What products or services does Probo Medical offer?
Probo Medical offers Biomed & Imaging Parts, Ultrasound Service, Medical Battery Manufacturing, and Bone Mineral Density Service.
How many acquisitions has Probo Medical made?
Probo Medical has made 2 acquisitions, including BC Technical, and Medical Optics.
Who are Probo Medical's investors?
Probo Medical has 2 investors. Key investors include Probo Medical, and Baird Capital.