December 10, 2021

Probax Announces New Investment as Expansion Continues

Probax today announced that technology-focused growth investor, Daniel Kim, has led a new investment round into the Company with participation from existing investors. Terms of the transaction were not disclosed. 

Daniel was one of the co-founding partners of Bregal Sagemount, a technology-focused growth capital investment firm. Early in his career, he held roles at Goldman, Sachs & Co.’s Americas Special Situations Group, JMI Equity, and Broadview International.

“Daniel is a seasoned investor with deep experience in the technology industry. We look forward to incorporating his input into our go-to-market strategy as well as leveraging his industry relationships to enable us to execute our aggressive growth strategy. We see both organic and inorganic opportunities and this new investment puts all options on the table for us.” said Tim Smith, Probax Chief Executive Officer and Chairman.