Eucalyptus founder-backed condom biz wants the rubber to hit the road
A Sydney condom medtech is preparing a capital raise via an advisory firm; its earlier backers include a foundation and a startup co-founder, per the article.
Angel investor · Founder, Eucalyptus
Every published round Charlie Gearside took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Preve | Seed | 22 May 2025 | $2m | Participant | Startup Daily, SmartCompany | |
| Source | Pre-seed | 22 Jul 2025 | $2.1m | Participant | Square Peg Capital (Wed 23 Jul 2025), Square Peg Capital (Wed 23 Jul 2025), Square Peg Capital portfolio, Ten13 portfolio | |
| Pearler | Series A | 1 Sep 2026 | $16m | Participant | Cut Through Venture, fundedstartupsdaily.com, Australian FinTech, SmartCompany, Startup Daily, AFR Technology, Ten13 portfolio |
Companies Charlie Gearside has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Charlie Gearside, as distinct from the investments it has made.
Companies Charlie Gearside has backed that another company then bought. An exit for the holding, not a deal Charlie Gearside did.
Stories naming Charlie Gearside. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
A Sydney condom medtech is preparing a capital raise via an advisory firm; its earlier backers include a foundation and a startup co-founder, per the article.
Roundup of the week's Australia and New Zealand raises: Gridsight, Pearler and Apate.AI secure the biggest cheques, Drumbeat and GonGlobal add smaller sums, and ten AI startups join Airwallex's Latitude 37 program.
AFR Street Talk reports Eucalyptus co-founder Charlie Gearside and Chris Cuffe's Partners Horizon Fund have joined Sydney investment app Pearler's $16 million Series A.
Also Startup Daily·SmartCompany·Cut Through Venture·Australian FinTech·fundedstartupsdaily.com
Square Peg led AI procurement startup Source's US$1.4 million pre-seed round, joined by TEN13 and angels including Stripe's former CTO; the platform automates purchasing for small retailers.
Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.
Also Startup Daily
Eucalyptus buys Jenny Craig's online assets out of administration while stores shut; the health startup's recent raise and earlier rounds are recapped, alongside other distressed-brand acquisitions.
Sydney telehealth firm Eucalyptus closed a Series B led by NewView Capital, with Blackbird, W23 and AirTree taking part. NewView's founder joins the board as the company expands its digital health brands.
Also SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany
Blackbird's investment notes recount its participation in Eucalyptus's Series A, led by Woolworths' venture arm W23, having earlier led the telehealth company's pre-seed and seed rounds.
Also SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany
Blackbird's February newsletter reports new investments in Roborigger and Dovetail plus Process Street's Series A, alongside portfolio updates, a founder spotlight and hiring notices.