News and Views

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Transaction & Advisory  |  May 2023

Digital health startup Eucalyptus lands $50 million in its latest funding round

Our Corporate team led by Paul Miller (Partner), Sarah-Jane Sale (Senior Associate) and Sally Yang (Associate), are proud to have advised Australian digital health start-up, Eucalyptus, on its most recent fundraising. High profile investors including Blackbird Ventures, Bond Capital and Woolworths’ W23 venture arm, raised $50 million raising the company’s valuation to $560 million.

Despite there currently being a difficult fundraising environment, we are delighted that investors have the confidence in Eucalyptus’ model, which can only bode well for its future.

 

Article links:

https://www.afr.com/street-talk/eucalyptus-stitches-up-50m-on-the-quiet-560m-post-money-val-20230427-p5d3ur

https://www.crunchbase.com/organization/eucalyptus/investor_summary/overview_timeline

https://www.smartcompany.com.au/industries/health/eucalyptus-50-million-online-prescription-model-concerns/

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