{"id":500611,"date":"2026-02-24T08:45:13","date_gmt":"2026-02-24T08:45:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/500611\/"},"modified":"2026-02-24T08:45:13","modified_gmt":"2026-02-24T08:45:13","slug":"employees-at-aussie-start-up-set-to-receive-420000-windfall","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/500611\/","title":{"rendered":"Employees at Aussie start-up set to receive $420,000 windfall"},"content":{"rendered":"

Employee shareholders at an Aussie start-up are set for a big pay day after the company<\/a> was acquired for $1.6 billion.Digital health<\/a> company Eucalyptus was\ufeff acquired by American<\/a> telehealth company Hims and Hers for $1.6 billion late last week.<\/p>\n

\ufeffThe seven-year-old Australian business owns online weight loss services Juniper and Pilot, which prescribe GLP-1 medication similar to Ozempic and Mounjaro.<\/p>\n

\"EucalyptusEucalyptus founder Tim Doyle at the AFR Entrepreneur Summit in 2023. (Nine)<\/p>\n

Eucalyptus also runs other telehealth services including a fertility program.<\/p>\n

The sale will lead to \ufeffone of the biggest staff share pay-outs in Australian corporate history and give early-stage backers a big pay day.<\/p>\n

The Australian Financial Review has reported the value of the shares under the deal, excluding its co-founders, was about $300 million.<\/p>\n

The average employee participant is expected to pocket $420,000, with more than 100 to benefit from the sale.<\/p>\n

Eucalyptus chief executive and co-founder Tim Doyle is in line for $163 million by 2029 if he hits several targets.<\/p>\n

Early investors including Blackbird Ventures, Who Gives a Crap toilet paper founder Simon Griffiths and Co Ventures founder Maxine Minter will also benefit from the acquisition.<\/p>\n

Doyle described the acquisition as a “full circle moment” for the start-up.<\/p>\n

“When we were launching Eucalyptus, we drew inspiration from Hims & Hers,” he said.<\/p>\n

“Hims & Hers is the best-positioned business in the world to be the home for consumer health.<\/p>\n

“This is also a moment to look backward and say thank you – to our investors, staff, clinicians, partners and our patients.”\ufeff<\/p>\n

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"Employee shareholders at an Aussie start-up are set for a big pay day after the company was acquired…\n","protected":false},"author":2,"featured_media":500612,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":{"0":"post-500611","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-au","9":"tag-australia","10":"tag-business"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/500611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=500611"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/500611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/500612"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=500611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=500611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=500611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}