Calo Raises $39m Series B Extension, Taking Round to $64m for Global Expansion
The Saudi- and Bahrain-based meal-subscription startup added a $39m Series B extension led by AlJazira Capital, on top of a $25m round, as it eyes a Tadawul IPO by 2027.
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Calo, the Middle East's largest meal-subscription startup, closed a $39 million Series B extension led by AlJazira Capital, bringing its total Series B to $64 million after an earlier $25 million round led by Nuwa Capital. The company operates across Saudi Arabia, the UAE, Bahrain, Qatar and Kuwait.
Founded in 2019, Calo has delivered more than 10 million meals and recently acquired UK brands Fresh Fitness Food and Detox Kitchen. It plans to use the capital for AI-driven personalization and international growth, targeting a planned IPO in Saudi Arabia by 2027.