Riyadh - Sharikat Mubasher: Calo, a Saudi-based personalized meal subscription platform, secured SAR 146.2 million (around $39 million) in a Series B extension round led by AlJazira Capital, with participation from Oraseya Capital and existing investors Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah Group
The extension round brought the total Series B funding to SAR 240 million, following an initial $25 million tranche in December 2024, Calo unveiled in a press release today.
This funding will help Calo accelerate global growth, expand products, and integrate the newly acquired businesses in the United Kingdom.
Calo recently completed the acquisition of two leading UK-based meal subscription brands, Fresh Fitness Food and Detox Kitchen, marking a strategic entry into the European market.
Ahmed Al Rawi, Co-founder and CEO of Calo, said: “We are living in an interesting time where AI is transforming our lives, and we are excited to be investing in cutting-edge innovation to explore how Calo can use AI to influence the future of how we discover and eat healthy food. Being vertically integrated with the mission of “Making Healthy Easy” gives us an edge to develop and scale world-class experiences not just regionally, but also globally.”
Additionally, Calo is piloting Calo Black, an AI-powered private chef product that leverages large language models (LLMs) to capture nuanced customer preferences through natural conversation and generate personalized daily menus.
Rawan AlRasheed, Lead Manager of Impact Lab at AlJazira Capital, stated that the company's participation in the round reflects its commitment to enabling local and regional business ventures and creating a positive, sustainable impact in health and wellness.
To expand its business, Calo forged strategic partnerships with premium gym operator Armah Sports Company to unlock new wellness and retail collaborations and plans to file an IPO in Saudi Arabia.
Calo currently operates in Saudi Arabia, UAE, Bahrain, Qatar, and Kuwait, with UK operations now underway. It embeds AI across user interaction and operational workflows to improve efficiency, scale personalization, and unlock new formats for customer experience.