Calo (www.calo.app), the Center East’s largest foodtech startup revolutionizing personalised meal subscriptions, right now introduced it has raised $39 million (SAR 146.27 million) in a Sequence B extension spherical led by AlJazira Capital. The increase brings Calo’s complete Sequence B spherical to $64 million (SAR 240 million), following an preliminary $25 million tranche in December 2024.
Present buyers Nuwa Capital, who led the preliminary $25 million Sequence B tranche, STV, Khwarizmi Ventures, and Al Faisaliah Group returned to take part within the extension, with Oraseya Capital becoming a member of the spherical. Following overwhelming investor curiosity, the spherical was oversubscribed past the initially focused $50 million to assist international progress, product enlargement, and the mixing of newly acquired companies in the UK.
With over 10 million meals delivered final 12 months, Calo is the world’s quickest rising meal subscription service, recording a high-growth nine-figure annualised income ($ million).
Calo lately accomplished the acquisition of two main UK-based meal subscription manufacturers, Recent Health Meals and Detox Kitchen, marking a strategic entry into the European market. Each manufacturers have now been built-in into Calo’s operations and expertise infrastructure, as a part of the corporate’s plan to scale internationally.
“We’re humbled by the great curiosity we’ve seen from each present and new buyers to double down on Calo. We’re residing in an attention-grabbing time the place AI is remodeling our lives, and we’re excited to be investing in cutting-edge innovation to discover how Calo can use AI to affect the way forward for how we uncover and eat wholesome meals. Being vertically built-in with the mission of “Making Wholesome Straightforward” offers us an edge to develop and scale world-class experiences not simply regionally, but in addition globally,” mentioned Ahmed Al Rawi, co-founder & CEO of Calo.
Within the first half of 2025, Calo grew over 50 % year-over-year, pushed by robust market efficiency throughout Saudi Arabia, the UAE, and Kuwait. Over the previous 12 months, Calo has localized operations by appointing Normal Managers in every market, enhancing buyer understanding and accelerating progress. The corporate now operates greater than 10 bodily places throughout the GCC, together with hospital-based retailers, and is on monitor to open new websites each quarter.
Calo’s product roadmap continues to evolve. Latest phase expansions embrace athlete-targeted macro personalization, premium “Chef’s Picks” meals for lifestyle-focused clients, and expanded clean-eating choices. On the mannequin aspect, Calo is shifting into on-demand supply and can quickly launch its personal line of wholesome CPG merchandise beneath the mission of “making wholesome simple.”
The corporate is piloting Calo Black, an AI-powered non-public chef expertise. The product leverages giant language fashions (LLMs) to seize nuanced buyer preferences by means of pure dialog and generate personalised day by day menus. Calo is embedding AI throughout person interplay and operational workflows to enhance effectivity, scale personalization, and unlock new codecs for buyer expertise.
“We’re excited to steer Calo’s Sequence B extension spherical and assist Calo of their enterprise ambitions,” mentioned Rawan AlRasheed, Lead Supervisor – Impression Lab at AlJazira Capital. “Calo is a homegrown Saudi firm with international ambition, combining model, expertise, and operational excellence. We’re assured within the staff’s skill to steer the corporate to a profitable and prospers future. The transaction marks Aljazira Capital dedication to allow native and regional enterprise ventures that drive significant change and to create a optimistic sustainable influence in well being and wellness consistent with our nation’s aims.”
As the corporate scales globally, Calo has appointed Caroline Hazlehurst as Chief Working Officer. Caroline has held varied senior govt roles supporting startups to scale operations globally, together with as the primary Normal Supervisor at Deliveroo UK & Eire, VP at Chook and in addition as President at Moove. John Noja has been appointed as Chief of Employees, from Talabat the place he was GM of its fast commerce unit.
Calo lately introduced a strategic partnership with premium gymnasium operator Armah Sports activities Firm, unlocking new wellness and retail collaborations. Armah’s founder Fahad Alhagbani has additionally joined the corporate’s board as an impartial member constructing on his expertise of taking two companies public. As a part of the partnership, Calo will discover co-located stores, cross-promotional affords, and distribution of merchandise by means of gymnasium networks.
Calo stays headquartered in Riyadh and is on monitor for a deliberate IPO in Saudi Arabia. The corporate presently operates within the Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, and Kuwait, with UK operations now underway. The corporate has additionally launched in Oman with over 5,000 clients on the ready listing. In 2024, Calo delivered 10 million meals throughout the GCC, reinforcing rising demand for data-driven, personalised vitamin.