Saudi Arabia-based foodtech startup Calo has raised an impressive $64 million in its Series B funding round, marking a significant milestone in its journey to revolutionize the meal subscription industry. The funding, announced recently, aims to fuel the company's ambitious plans for global expansion and technological innovation.
The Series B round was led by prominent investors, including AlJazira Capital, with a substantial $39 million extension following an initial $25 million tranche secured in December 2024. This oversubscribed round reflects strong investor confidence in Calo's vision and its ability to disrupt the food delivery and personalized nutrition space.
Founded in Riyadh, Calo specializes in providing AI-powered personalized meal plans through a subscription model, catering to health-conscious consumers across the Middle East. With this fresh capital, the company plans to integrate recent acquisitions in the UK and expand its footprint beyond the region, targeting a broader international audience.
In addition to geographic expansion, Calo is set to enhance its technological capabilities, focusing on further developing its AI-driven nutrition solutions. This innovation aims to offer customers highly tailored dietary experiences, setting the company apart in a competitive market.
Calo's leadership has also hinted at long-term goals, including a potential IPO by 2027, signaling its intent to become a major player in the global foodtech sector. This funding round positions the startup to scale operations and solidify its market presence ahead of such milestones.
As the foodtech industry continues to grow, Calo's latest achievement underscores the increasing demand for convenient, personalized meal solutions. With strong financial backing and a clear vision, the company is poised to make a lasting impact on how people approach nutrition worldwide.
Andrew Lee
