Subscribe Now

* You will receive the latest news and updates!

Trending News

Saudi foodtech Calo raises  million Collection B extension for AI push, international growth
Startups

Saudi foodtech Calo raises $39 million Collection B extension for AI push, international growth 


Riyadh-headquartered meal subscription startup Calo has raised $39 million in a Collection B extension spherical led by AlJazira Capital, bringing its whole Collection B elevate to $64 million, the corporate introduced in the present day.

The extension follows the preliminary $25 million Collection B tranche raised in December 2024, which was led by Nuwa Capital, and valued the corporate at a reported valuation of $250 million. The most recent funding takes the entire capital raised by the Saudi startup to over $90 million.

The oversubscribed spherical noticed participation from present traders Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah Group, with Oraseya Capital becoming a member of as a brand new investor. The funding comes as Calo accelerates its worldwide growth following the latest acquisition of two UK-based meal subscription manufacturers, Contemporary Health Meals and Detox Kitchen.

Based in late 2019, Calo operates as a full-stack meal subscription service throughout Saudi Arabia, UAE, Bahrain, Qatar, Kuwait, Oman, and the UK. The startup, which delivered over 10 million meals final 12 months, claims to be the world’s fastest-growing meal subscription service with over $100 million in annualized income.

The Bahrain-born startup grew over 50% year-over-year in Q1 2025, fueled by robust development in Saudi Arabia, the UAE, and Kuwait. It now runs 10+ bodily places throughout the GCC, together with some in hospitals, and plans to open new ones each quarter.

Ahmed Al Rawi, co-founder and CEO of Calo, commenting on the funding, stated, “We’re humbled by the super curiosity we’ve seen from each present and new traders to double down on Calo. We’re dwelling in an fascinating time the place AI is reworking 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.”

It’s at present piloting Calo Black, a brand new AI-powered non-public chef expertise. The product makes use of giant language fashions to know buyer preferences by pure dialog and generate personalised every day menus. The corporate can be integrating AI into its consumer expertise and operations to spice up effectivity, scale personalization, and discover new codecs.

It is usually increasing its choices with athlete-focused macro personalization, premium meals, and extra clean-eating choices. It’s additionally transferring into on-demand supply and plans to launch its line of wholesome CPG merchandise.

Rawan AlRasheed, Lead Supervisor – Influence Lab at AlJazira Capital, commented, “Calo is a homegrown Saudi firm with international ambition, combining model, expertise, and operational excellence. We’re assured within the group’s capability to guide the corporate to a profitable and affluent future.”

As a part of its growth, Calo has introduced on Caroline Hazlehurst as Chief Working Officer. She beforehand held management roles at Deliveroo, Hen, and Moove. John Noja has additionally joined as Chief of Workers after serving as GM of fast commerce (UAE) at Talabat.

The corporate has additionally not too long ago introduced a strategic partnership with premium fitness center operator Armah Sports activities Firm, with Armah’s founder Fahad Alhagbani becoming a member of Calo’s board as an impartial member. The partnership will discover co-located stores, cross-promotional presents, and distribution by fitness center networks.

Publish Views: 43





Supply hyperlink

Related posts