E-health platform Eucalyptus raises $22.2m in Series B round | Health Care Asia Magazine - The Latest News, Headlines, Insight, Commentary & Analysis
,Australia

E-health platform Eucalyptus raises $22.2m in Series B round

Funds will be used to build out its behavioural health and chronic care modules.

Australian telehealth platform Eucalyptus has raised a $22.2m (A$30m) Series B funding, led by Silicon Valley-based NewView Capital and with participation from existing investors Blackbird Ventures and W23, and new investor AirTree Ventures, a press release revealed.

The company plans to use the new round of funding to build out the behavioural health and chronic care modules of the platform, aiming to support brands in weight management, diabetes, and mental health.

Eucalyptus is said to be the largest vertically integrated telehealth platform in Australia, serving more than 200,000 patients. Since its founding in 2019, Eucalyptus has launched four brands that serve contraception and fertility, skincare, men's health and sexual wellness.

With the funding, Ravi Viswanathan, the founder and managing partner of NewView Capital, will be joining the Eucalyptus board.

Get Health Care Asia Magazine in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The majority of the country’s pharma manufacturing produces generic drugs.
This is expected to affect local pharma growth in the short term.
Nonetheless, more than half of the age group found its use to be comfortable.
The group’s profits after tax ballooned by as much as 138.4%.
Funds will be used to build out its behavioural health and chronic care modules.
Some players have been highly active in digital channels of various countries.
It has also formed a JV with Acurio to develop a private hospital in NSW.
With this, the company now offers an all-in-one patient management service.
The therapy can be done in eight different languages.
The country is expected to have one in five of its population to be elderly by 2050.
Sunway is planning to ramp up its hospital capacity to about 3,000 beds.
The system will help city managers to track epidemic conditions, real-time.
It is funded through the 2020 Primary Healthcare Research Data Infrastructure grants.
The hospital features 200 general inpatient beds and 100 hemodialysis beds.
The platform expanded its services after obtaining an internet hospital license.