Saudi-based meal subscription company Calo has raised $39 million in a Series B extension round. This brings the total amount raised in its Series B funding to $64 million. Calo offers personalized meal plans and delivers them to customers, making healthy eating more convenient.
With this latest round, Calo has now raised a total of around $90 million to grow its personalized meal delivery platform.
Calo’s funding journey started with a $13.5 million seed round in 2021, followed by $13 million in Series A funding in 2022, and $25 million in Series B in December 2024. The recent $39 million Series B extension added to that total.
The new funding round was led by AlJazira Capital, with more support from Calo’s existing investors — Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah Group. A new investor, Oraseya Capital, also joined this round.
The funding round raised more money than expected, going above Calo’s original $50 million goal. The funds will help the company grow globally, expand its products, and bring its newly acquired UK businesses into the company.
“We’re living in an interesting time where AI is transforming our lives,” said Ahmed Al Rawi, co-founder & CEO of Calo. “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.”
Calo was founded in 2019 by Ahmed Al Rawi and Moayed Almoayed. The company offers personalized meal plans based on each person’s health goals and food preferences.
Calo is also testing a new feature called Calo Black – an AI-powered private chef that talks with users, understands their tastes, and creates daily menus just for them.
The company is using AI throughout its platform to make things more efficient, offer more personalized experiences, and explore new ways to serve customers better.
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