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EUCALYPTUS HEALTH
Eucalyptus Health
Digital health / telehealth · Sydney · Australia · Founded · 2019 · ≈ · 75 · employees

Eucalyptus Health Funding — Last Valued at $1.1B

Acquired

Eucalyptus Health has raised $1.4B across 7 funding rounds, plus 1 undated round. The latest round valued Eucalyptus Health at $1.1B post-money, with Hims & Hers Health on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Eucalyptus Health funding · at a glance
Total raised, all rounds
$1.4B
some round sizes not disclosed
Funding rounds
7
plus 1 undated round
Latest round
$1.1B
post-money · Feb 2026
Lead on that event
Hims & Hers Health
lead investor
2026
About Eucalyptus Health

Eucalyptus raised A$8 million in Series A funding, then $30 million in Series B and $60 million in Series C, reaching a $560 million valuation by April 2023. Hims & Hers Health then acquired the company in a deal worth up to $1.15 billion, completed in June 2026.

Funding timeline

The Eucalyptus Health funding timeline

7 funding rounds, the latest highlighted.

2019
Eucalyptus Health founded

Eucalyptus Health was founded in 2019, Australia.

UNDATED
Series D

No date is disclosed for this round.

JAN 2019
Pre-seed

A primary round — the company sells new shares to investors it selects. Led by Blackbird Ventures.

Valuation basisAmountPrice / shareLeadBlackbird Ventures
OCT 2019
Seed

A primary round — the company sells new shares to investors it selects. Led by Blackbird Ventures.

Valuation basisAmountPrice / shareLeadBlackbird Ventures
MAY 2020
Series A

A$8 million..

Valuation basisAmountPrice / shareLead
JUL 2021
Series B

A primary round — the company sells new shares to investors it selects. $30M raised.

Valuation basisAmount$30MPrice / shareLead
JAN 2022
Series C

A primary round — the company sells new shares to investors it selects. $60M raised.

Valuation basisAmount$60MPrice / shareLead
APR 2023
2023 round at $560M post-money

A$50 million..

Valuation basispost-moneyAmountPrice / shareLead
FEB 2026LATEST
Acquisition by Hims & Hers at $1.1B post-money

A primary round — the company sells new shares to investors it selects. $1.1B raised, led by Hims & Hers Health.

Valuation basispost-moneyAmount$1.1BPrice / shareLeadHims & Hers Health
STATUS: ACQUIRED

No longer independent.

Funding rounds

Eucalyptus Health funding rounds in full

7 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Acquisition by Hims & Hers LATEST
Feb 2026
$1.1B
$1.1Bpost-money
—
Hims & Hers Health
—
2023 round
Apr 2023
—
$560Mpost-money
—
—
A$50 million.
Series C
Jan 2022
$60M
—
—
—
—
Series B
Jul 2021
$30M
—
—
—
—
Series A
May 2020
—
—
—
—
A$8 million.
Seed
Oct 2019
—
—
—
Blackbird Ventures
—
Pre-seed
Jan 2019
—
—
—
Blackbird Ventures
—
Series D
—
$190M
$1.4Bpost-money
—
Bond, Blackbird Ventures, Airtree Ventures, Marbruck
World Innovation Lab, superannuation funds
Eucalyptus Health · investors

Investors

BBondLEADBBlackbird VenturesLEADAAirtree VenturesLEADMMarbruckLEADHHims & Hers HealthLEADSSequoia CapitalFounders Fund

Frequently asked questions

Is Eucalyptus Health publicly traded?›

No. Eucalyptus Health was acquired by Hims & Hers; its shares do not trade independently.

What is Eucalyptus Health's valuation?›

The last valuation is $1.1B (post-money, Feb 2026).

Who has invested in Eucalyptus Health?›

Lead investors for each round are in the funding timeline.

Who are Eucalyptus Health's competitors?›

The closest digital health / telehealth peers are on the competitors page.

How can I get exposure to Eucalyptus Health?›

The routes section explains what is realistically available for a company at this stage.

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