Online health brands company Eucalyptus is putting the $50 million it recently raised to use acquiring the online assets of the Australian Jenny Craig brand from its administrators as the rest of the weight loss business looks set to be liquidated. Voluntary administrators FTI Consulting were appointed on May 9, but a month on, have… Read more »
Concerns over mail order weight loss brands Juniper and Pilot by Australian doctors haven’t dampened investor appetite its parent telehealth company, Eucalyptus, which has raised $50 million on a $520 million valuation. The round was backed by several existing Eucalyptus investors, including Blackbird Ventures, the Woolworths VC fund W23, and US investor Mary Meeker’s BOND… Read more »
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