Middle East meal delivery player Calo, which launched in the UK in April, has raised $39m in a funding round extension.
The extension follows an initial $25m raise in an oversubscribed Series B funding round in December 2024, which valued the company at $250m.
The latest funding takes the total capital raised by the Saudi startup to over $90m.
Calo – which has delivered more than 10 million meals last year across Saudi Arabia, Bahrain, UAE, Kuwait, and Qatar – arrived in the UK through the acquisition of local prepared meal delivery brands Fresh Fitness Food and Detox Kitchen. Caspar Rose, former CEO of Fresh Fitness Food, was named general manager of Calo UK.
Customers can order meals from Calo for one day or up to three months. Plans range from a simple working lunch (a main meal and a snack) to a full day of food, snacks, and drinks tailored to specific macronutrient needs.
Plans start from £11 per day, with the no-prep, ready-to-eat meals – of which there are 35 options per day – prepared in a single London kitchen, using Calo’s own drivers in London and DPD for national deliveries.
“The UK is a key market for us,” said Ahmed Alrawi, CEO and founder of Calo.
The company is exploring establishing its own nationwide fleet to replicate London’s fresh daily delivery model across the UK. The funding will also be used on “further personalisation through AI and the introduction of new products” the company said.
“It’s been truly a privilege to be ‘making healthy easy’ over the past few years for hundreds of thousands of customers, but it’s still day one for us,” Alrawi said.
“The top 10 food brands globally earn $300bn a year, none of which are solving the health problem. We bet that in the next 10 years, there will be a healthy brand that climbs to the top 10 list, and we aspire to be that brand, having tech and innovation in our DNA from day one,” he added.
Calo was founded at the end of 2019 and now claims to be “the world’s fastest-growing meal subscription service”.
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