Calo, a fast-scaling foodtech startup known for its personalized meal subscriptions, has raised $25 million in a Series B funding round.
The company plans to extend the round to $50 million by early 2025. Founded in Bahrain and now headquartered in Riyadh, Calo has emerged as a leader in the growing segment of nutrition-driven, tech-enabled food delivery in the Gulf.
The company uses a proprietary AI engine to personalize meal plans based on users’ health and fitness goals. Its logistics platform ensures meals are delivered fresh, on time, and with high retention rates among subscribers. Since its launch, Calo has served millions of meals across the region, tapping into rising consumer interest in wellness, convenience, and personalization.
This latest investment will support Calo’s expansion into new GCC markets, enhance its logistics and operations infrastructure, and further develop its personalization technology. Notably, one of the key investors in this round was introduced to the Calo team during a Saudi FoodTech investor matchmaking event earlier in 2024—highlighting the growing role of ecosystem platforms in facilitating funding and growth.
Calo’s trajectory reflects larger shifts underway in Saudi Arabia’s food economy. The intersection of digital services and nutrition is becoming a high-growth category, especially as consumers become more health-conscious and the government continues to encourage innovation across the agri-food value chain.
Commenting on the raise, Mohammed AlQurashi, Founder of Saudi FoodTech, said:
“Calo’s Series B round shows the strength of our local startups and the confidence investors have in what’s being built here. It also reflects a growing appetite for tech-enabled, scalable solutions that address real food system challenges in the region.”
Saudi FoodTech has been working to grow these connections across the ecosystem—linking founders with capital, creating visibility for emerging talent, and showcasing the Kingdom’s potential to lead in food innovation. Calo’s round adds to the growing list of high-profile raises that reinforce Saudi Arabia’s position as a regional hub for foodtech and nutrition innovation.
