- Calo raised $64 million in its Series B round, exceeding its original $50M target.
- The funds will support global expansion and integration of recently acquired UK companies.
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The startup leverages AI to offer highly personalized, goal-based meal plans.
Saudi-based foodtech startup Calo has announced an additional $39 million in funding, extending its Series B round to a total of $64 million, surpassing its initial target of $50 million.
The extension round was led by Aljazira Capital, with participation from notable investors including:
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STV
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Nuwa Capital
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Khwarizmi Ventures
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Al Faisaliah Group
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Eurasia Capital
According to the company, the new funding will be used to support global expansion, grow its product lines, and integrate its recent acquisitions in the UK, including Fresh Fitness Food and Detox Kitchen.
Calo offers customized meal subscription plans tailored to individual health goals and preferences. The startup is also investing in artificial intelligence to enhance operational efficiency, deepen personalization, and create new customer experiences.
Back in December 2024, Calo had raised $25 million in the initial phase of its Series B. The company is also developing new product lines aimed at athletes, alongside curated meals from top chefs and broader healthy dietary options.
Founded in 2019 by Ahmed Alrawi and Moyad Almoayyed, Calo currently operates across multiple GCC markets and is preparing for a broader international rollout in the near future.
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