Saudi Arabia-based foodtech startup Calo raises US$39M in Series B extension to accelerate global growth, AI innovation

SAUDI ARABIA – Foodtech startup Calo has secured US$39 million in a Series B extension round, aimed at supporting its global expansion and enhancing its AI-powered personalisation technology.

This capital injection builds on Calo’s ambition to revolutionize the foodtech sector through data-driven, customised nutritional solutions.

The extension round was led by AlJazira Capital and increases the total Series B funding to US$64 million.

The initial US$25 million tranche was closed in December 2024, demonstrating strong investor confidence in Calo’s scalable model and growth potential in regional and international markets.

Returning investors included Nuwa Capital, which led the original tranche, alongside Khwarizmi Ventures, STV, and Al Faisaliah Group, all of whom reaffirmed their commitment by participating in this follow-up round.

Additionally, the extension attracted newcomer Oraseya Capital, bringing fresh strategic insights and support to Calo’s development trajectory.

Calo’s proprietary technology leverages advanced artificial intelligence to deliver highly personalised meal plans tailored to individual health goals, preferences, and dietary restrictions.

This AI-driven approach differentiates Calo by enhancing customer engagement and improving health outcomes through nutrition.

The new funds will be primarily allocated to accelerate Calo’s international market entry, scale up AI capabilities, and enhance product offerings.

The company aims to cement its competitive edge by expanding partnerships with food providers and technology platforms worldwide, facilitating seamless service integration.

Founded with a vision to transform how consumers engage with nutrition, Calo operates at the intersection of technology and wellness.

The startup’s emphasis on innovation reflects broader trends where AI and personalised health solutions are increasingly in demand globally.

The participation of both existing and new investors signifies strong market validation of Calo’s business model.

Sustained investor backing provides essential resources to advance product development, grow its user base, and invest in marketing and operational infrastructure.

Calo’s recent capital raise marks a critical milestone as it navigates rapid growth phases and seeks to become a leading global player in the foodtech space.

The company’s expansion plans align with shifting consumer preferences favoring healthy, customised, and technology-enabled food solutions.

With this US$39 million extension, Calo is equipped to accelerate its transformative mission, create widespread impact, and drive long-term value for stakeholders in Saudi Arabia and beyond.

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