Calo, the health and wellness foodtech startup headquartered in Saudi Arabia, has secured a $39 million Series B extension, bringing the total size of its Series B round to $64 million. The new capital injection, led by AlJazira Capital, will be used to fuel the company’s global expansion, enhance its AI-powered personalization, and integrate its newly acquired UK-based businesses.
By the Numbers
- $39 Million: The value of the new Series B extension round.
- $64 Million: The total size of Calo’s complete Series B funding round.
- 2: UK-based healthy food companies recently acquired by Calo.
A Strategic Push for Global and AI-Powered Growth
This funding is a key part of Calo’s strategy to become a global leader in the healthy food and wellness space. The capital will be used to support the integration of two UK-based companies Calo recently acquired, Fresh Fitness Food and Detox Kitchen. A significant portion of the investment will also be dedicated to advancing the company’s use of artificial intelligence to create more sophisticated personalization for its customers.
Backed by a Consortium of Top Saudi and Regional VCs
The funding round was led by the prominent Saudi firm AlJazira Capital. It also saw strong participation from existing investors, including Nuwa Capital, STV, Al Faisaliah Group, and Khwarizmi Ventures, alongside new investor Oraseya Capital. This powerful backing from the region’s leading VCs underscores the deep confidence in Calo’s business model and its global ambitions. Rawan AlRasheed of AlJazira Capital described Calo as “a homegrown Saudi company with global ambition, combining brand, technology, and operational excellence.”
Leadership on the Future of Healthy Eating
Ahmed Al Rawi, co-founder and CEO of Calo, commented on the company’s vision, stating, “We’re living in an interesting time where AI is transforming our lives, and we’re 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.”
About Calo
Founded in Bahrain in 2019 and now headquartered in Riyadh, Saudi Arabia, Calo is a leading foodtech company that provides personalized, ready-to-eat meal plans through a mobile application. The company is dedicated to its mission of “Making Healthy Easy” for customers across the GCC and now, globally.
Looking Ahead
This major funding round and the strategic UK acquisitions position Calo to transition from a regional champion into a global contender in the health and wellness industry. It serves as a powerful example of a homegrown GCC startup leveraging strong local investment to execute an ambitious international growth strategy.
Source: Wamda
