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Draft:Eucalyptus (healthcare company)

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  • Comment: The title of this draft either has been disambiguated or will need to be disambiguated for acceptance.
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    The disambiguation page for the primary name is Eucalyptus (disambiguation). Robert McClenon (talk) 05:32, 24 May 2024 (UTC)

Eucalyptus
Industry
Founded2019; 5 years ago (2019)
Founders
  • Tim Doyle
  • Benny Kleist
  • Charlie Gearside
  • Alexey Mitko
Headquarters,
Australia
Website

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

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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]

Brands

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Pilot

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Pilot is an Australian healthcare company for men, providing prescription treatments for hair loss, erectile dysfunction, premature ejaculation and weight management, which are delivered via telehealth.[5]

Kin Fertility

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Kin Fertility is an Australian women’s reproductive health brand that sells products for prenatal, pregnancy, postpartum and general health.[6]

Software

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Software is an Australian teledermatology company that offers prescription treatments and over-the-counter solutions for acne, ageing and pigmentation.[7]

Juniper

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Juniper is a women’s health company specialising in weight loss, using prescription treatments and behavioural change. Juniper currently services patients in Australia, the UK, Germany and Japan.[8]

Compound

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Compound is an Australian men’s health brand focused on performance health and longevity.[9]

Fundraising

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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.[10][11]

The company raised AUD $30 million in Series B fundraising in July 2021 and $60 million in Series C in January 2022.[12] Another fundraising round in 2023 saw the company land AUD $50 million, mostly from previous investors Blackbird, BOND Capital and W23.[13]

In April 2023, the company was valued at $560 million.[14]

References

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  1. ^ "Startups fighting a 'bulletproof' mentality in men's health". 7 July 2019.
  2. ^ "Eucalyptus Expands its Healthcare Platform into Europe | Stripe".
  3. ^ "Health startup Eucalyptus launches in Japan to tackle chronic diseases | Austrade".
  4. ^ "Telehealth startup Eucalyptus acquires Jenny Craig's online business as its stores close, staff lose jobs". 7 June 2023.
  5. ^ "Startups fighting a 'bulletproof' mentality in men's health". 7 July 2019.
  6. ^ "Kin Fertility: The tech start-up revolutionising women's health". 21 November 2021.
  7. ^ "This Cult Aussie Skincare Brand Promises to Banish Acne, Texture and Pigmentation". BuzzFeed. 25 May 2022.
  8. ^ https://www.bodyandsoul.com.au/nutrition/study-finds-women-spend-15-years-of-their-lifetime-dieting/news-story/7d9c0bae10ca0b6335cb358bda6bc712
  9. ^ "Compound: Performance optimisation, built for men who want more from their health".
  10. ^ "Investment Notes: Eucalyptus | Blackbird".
  11. ^ "Woolworths joins $8 million funding round for consumer startup Eucalyptus". 20 May 2020.
  12. ^ https://www.startupdaily.net/topic/funding/telehealth-brands-startup-eucalyptus-lands-50-million-from-woolies-mary-meeker-blackbird/
  13. ^ "Eucalyptus lands $50 million amidst online prescription model concerns". May 2023.
  14. ^ "Eucalyptus stitches up $50m on the quiet, $560m post-money val". 27 April 2023.