Australian Telehealth Startup Eucalyptus Raises $43 Million, Planning To Enter U.K. Market

Australian telehealth company Eucalyptus raised A$60 million ($42 million) in a Series C round led by Airbnb and Canva's early investor, BOND. Its previous investors also participated in the round: Blackbird, NewView, W23, Airtree, OneVentures, and Athletic Ventures. Eucalyptus intends to use the funding for software development and to enter the United Kingdom (U.K.).

In 2021, Eucalyptus had previously raised A$30 million ($22 million) in a Series B investing round led by 23andMe and Hims & Hers' backer NewView Capital. The proceeds are being used to create behavioral health and chronic care modules to support businesses . . .