Calo Secures $39 Million Series B Extension to Fuel Global Foodtech Revolution
Calo, the prominent foodtech startup headquartered in Saudi Arabia, has announced a significant Series B extension, successfully raising $39 million. This latest capital infusion, spearheaded by AlJazira Capital, brings the company’s total Series B funding to an impressive $64 million, building on a prior $25 million round secured earlier in 2024 with Nuwa Capital leading. The oversubscribed extension round underscores strong investor confidence in Calo’s pioneering approach to personalised meal subscriptions and its ambitious growth trajectory in the competitive global foodtech landscape.
Driving Global Expansion and Innovation in Personalised Nutrition
The Series B extension saw continued participation from existing key investors, including Nuwa Capital, STV, Al Faisaliah Group, and Khwarizmi Ventures, alongside the introduction of new backer Oraseya Capital. Founded in Bahrain in 2019 by entrepreneurs Ahmed Al Rawi and Moayed Al Moayed, Calo has rapidly established itself as a leading direct-to-consumer (D2C) foodtech platform. It specializes in delivering custom-tailored meal plans designed for a burgeoning base of health-conscious consumers. Calo’s strategic growth initiatives have recently included the successful acquisition of UK-based Fresh Fitness Food and Detox Kitchen, which have since been seamlessly integrated into its operational framework. This substantial new funding is earmarked to accelerate Calo’s ambitious global expansion efforts and further enhance its cutting-edge, AI-powered personalisation technologies, ensuring an even more refined and bespoke experience for its clientele. Furthermore, Calo, recognised as the Middle East’s largest foodtech startup, is actively progressing towards a planned Initial Public Offering (IPO) in Saudi Arabia, signaling its intent for long-term market leadership.
Calo’s continued financial success and strategic maneuvers highlight its growing influence within the personalised nutrition sector. By leveraging advanced AI and expanding its global footprint, the foodtech innovator is poised to redefine how health-conscious individuals access convenient and tailored dietary solutions. With its strong investor backing and clear vision for an IPO, Calo is solidifying its position as a dominant force, driving innovation and expansion in the global foodtech arena.
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