Eucalyptus
| ISIN | 🆔 |
|---|---|
| Industry | |
| Founded 📆 | 2019 |
| Founders 👔 |
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| Headquarters 🏙️ | , , Australia |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | |
| 📇 Address | |
| 📞 telephone | |
Eucalyptus is a healthcare company, consisting of brands Juniper, Pilot, Software, Compound and Kin, offering direct-to-consumer products and telehealth services.
Eucalyptus was founded in 2019 by Tim Doyle, Benny Kleist, Charlie Gearside and Alexey Mitko in Sydney, Australia.
History[edit]
Pilot was the first brand launched under Eucalyptus in 2019.[1] Eucalyptus has since launched Kin, Software, Juniper and Compound in Australia, while also expanding Juniper into the UK, Germany and Japan.[2][3]
In June 2023, Eucalyptus purchased the digital assets of Jenny Craig Australia after the brand fell into voluntary administration.[4]
Fundraising[edit]
Eucalyptus raised AUD $8 million in its Series A fundraising in May 2020, which included investors Woolworths Group (Australia), through its venture capital arm W23, and venture capital firm, Blackbird Ventures.[5][6]
The company raised AUD $30 million in Series B fundraising in July 2021 and $60 million in Series C in January 2022.[7] Another fundraising round in 2023 saw the company land AUD $50 million, mostly from previous investors Blackbird, BOND Capital and W23.[8]
In April 2023, the company was valued at $560 million.[9]
References[edit]
- ↑ https://www.smh.com.au/business/small-business/startups-fighting-a-bulletproof-mentality-in-men-s-health-20190702-p523cd.html
- ↑ https://stripe.com/en-mt/customers/eucalyptus
- ↑ https://www.austrade.gov.au/en/news-and-analysis/news/health-startup-eucalyptus-launches-in-japan-to-tackle-chronic-diseases
- ↑ https://www.smartcompany.com.au/industries/health/eucalyptus-buys-jenny-craig-online-services-liquidation/
- ↑ https://www.blackbird.vc/blog/blackbirds-series-a-investment-in-eucalyptus
- ↑ https://www.smh.com.au/business/companies/woolworths-joins-8-million-funding-round-for-consumer-startup-eucalyptus-20200520-p54uqr.html
- ↑ https://www.startupdaily.net/topic/funding/telehealth-brands-startup-eucalyptus-lands-50-million-from-woolies-mary-meeker-blackbird/
- ↑ https://www.smartcompany.com.au/industries/health/eucalyptus-50-million-online-prescription-model-concerns/
- ↑ https://www.afr.com/street-talk/eucalyptus-stitches-up-50m-on-the-quiet-560m-post-money-val-20230427-p5d3ur
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