Food technology company Calo secures $39 million in a Series B extension round, utilizing funds for advancements in AI technology and global expansion.
Calo Raises $39 Million in Series B Extension, Expands Global Presence
Meal subscription startup Calo, headquartered in Riyadh, Saudi Arabia, has secured $39 million in a Series B extension round, bringing its total Series B funding to $64 million. This new funding was led by AlJazira Capital and follows an initial $25 million Series B tranche raised in December 2024.
The latest funding takes Calo's total capital raised to over $90 million. With this new investment, the company aims to support its global expansion, AI-powered meal personalization, and new product developments.
Calo has experienced significant growth, delivering over 10 million meals last year and claiming to be the world's fastest-growing meal subscription service with over $100 million in annualized revenue. The startup showed a 50% year-over-year growth in Q1 2025, with strong growth in Saudi Arabia, the UAE, and Kuwait.
In addition to its meal subscription service, Calo is expanding its offerings with athlete-focused macro personalization, premium meals, and more clean-eating options. The company is also planning to launch its line of healthy Consumer Packaged Goods (CPG) products and on-demand delivery.
Caroline Hazlehurst has been brought on as Calo's Chief Operating Officer, having previously held leadership roles at Deliveroo, Bird, and Moove. John Noja has joined as Chief of Staff, after serving as GM of quick commerce (UAE) at Talabat.
Calo has also formed a strategic partnership with Armah Sports Company, with Armah's founder Fahad Alhagbani joining Calo's board as an independent member. This partnership will explore co-located retail outlets, cross-promotional offers, and distribution through gym networks.
Calo is not just a meal subscription service; it operates as a full-stack service across Saudi Arabia, UAE, Bahrain, Qatar, Kuwait, Oman, and the UK. The company is also integrating AI into its user experience and operations to boost efficiency, scale personalization, and explore new formats.
One of Calo's latest initiatives is Calo Black, an AI-powered private chef experience that is currently being piloted. This service offers personalized meals tailored to individual dietary needs and preferences.
With its strategic partnerships, innovative AI-powered services, and expanding product offerings, Calo is set to continue its rapid growth in the meal subscription market.
The meal subscription startup, Calo, plans to utilize the recently raised $39 million in Series B extension funding to support its global expansion, AI-powered meal personalization, and new product developments, which include athlete-focused macro personalization, premium meals, and clean-eating options. This investment in Calo's technology will drive its growth in the finance sector, contributing to the development of its business and the meal subscription market.
The strategic partnership with Armah Sports Company will further strengthen Calo's business by exploring co-located retail outlets, cross-promotional offers, and distribution through gym networks, demonstrating Calo's commitment to innovation and expansion in the technology-driven business world.
