Saudi-based personalized meal subscription platform Calo has secured $39 million in a Series B funding extension round, bringing its total Series B funding to $64 million.
Latest funding round
The latest funding round brings Calo’s total funding to around $90 million, following a $13.5 million seed round in 2021, a $13 million Series A in 2022, and an initial $25 million Series B tranche closed in December 2024.
The extension round was led by AlJazira Capital, with follow-on participation from existing investors Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah Group, and new investor Oraseya Capital joining the round.
The funding round was oversubscribed, surpassing the company’s initial $50 million target and is set to support Calo’s global growth, product expansion, and the integration of newly acquired businesses in the UK.
Crucial quote
“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.”
Founded in 2019 by Ahmed Al Rawi and Moayed Almoayed, Calo offers personalized meal subscriptions tailored to individual health goals and preferences.
Chef Experience
The company is piloting Calo Black, an AI-powered private chef experience that uses large language models (LLMs) to understand customer preferences through natural conversations and generate personalized daily menus.
Calo is embedding AI across user interactions and operational workflows, with the goal of improving efficiency, scaling personalization, and unlocking new formats for customer experience.
Acquisitions
The company recently acquired two leading UK-based meal subscription brands, Fresh Fitness Food and Detox Kitchen, marking its entry into the European market. Both businesses are now integrated into Calo’s operations and technology infrastructure, as part of the company’s plan to scale internationally.
Revenue
In 2024, Calo delivered over 10 million meals and reported a nine-figure annualized revenue in terms of US dollar. In the first half of 2025, it recorded more than 50% year-on-year growth, driven by strong performance in Saudi Arabia, the UAE, and Kuwait.
Calo now operates across the GCC and has launched in Oman, with over 5,000 customers on the waiting list. It has more than 10 physical locations, including hospital-based outlets, and plans to open new sites every quarter.
Expanding
The company is expanding its product portfolio with macro-personalized meals for athletes, premium “Chef’s Picks” for lifestyle-focused customers, an expanded range of clean-eating options.
Calo also plans to launch its own line of healthy consumer packaged goods (CPG) products and expand into on-demand delivery.
Regional Growth Strategy
As part of its regional growth strategy, Calo recently entered a strategic partnership with Armah Sports Company, a premium gym operator. The alliance includes co-branded retail locations, gym-based product distribution, and cross-promotional offers. Fahad Alhagbani, founder of Armah, has joined Calo’s board as an independent member.
Calo is on track for a planned initial public offering (IPO) in Saudi Arabia.