Jun 30, 2026 – 1.07pmA group of former Eucalyptus staff has rolled a portion of their exit payouts into a new start-up, Early Bird, that promises to deliver relief from a heavy night of drinking.A pitch deck, obtained by Street Talk, sought $1.5 million in seed funding from early-stage venture capital funds via a SAFE (simple agreement for future equity) note. By the end of 2027, Early Bird hopes to have its first hangover-solution product on US shelves and to generate over $3 million in annual recurring revenue.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
After $1.6b buyout, Eucalyptus alumni launch hangover remedy start-up
Dan Cable, who spearheaded Eucalyptus’ men’s longevity play Compound, is listed as a co-founder alongside former Macquarie Group manager Alex Debney.
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