🇦🇺 This Week in Australian Startups #150, 22nd February 2026

$106.7m raised across 27 rounds, Eucalyptus acquired by hims & hers for $1.6b, Techstars Sydney to shut down, NextGen Ventures raises $4.3m for new fund, Seek begins sale of its Employment Hero stake

News

M&A, IPOs & Exits

• Eucalyptus founder Tim Doyle shares they have signed an agreement to be acquires by hims & hers, an NYSE-listed consumer health platform, for up to $1.6b, with ~$330m cash upfront and the rest as deferred/earnout payable in cash or stock (Lin…