Subscription 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.
“Calo is defining a new category in the prepared meal space, combining personalisation, convenience, and technology in a way that sets a new benchmark,” Rose said. “This investment accelerates our ability to scale rapidly, harness AI to enhance the customer experience, and bring the best of British produce to more people than ever before. Our mission is to make the nation healthier by making healthy easy, for everyone.”
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.
“We are humbled by the tremendous interest we’ve seen from both existing and new investors to double down on Calo. We’re living in an interesting time where AI is transforming our lives, and 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. Being vertically integrated with the mission of ’Making Healthy Easy’ gives us an edge to develop and scale world-class experiences not just regionally, but also globally,” said Ahmed Al Rawi, co-founder & CEO 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.
“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,” Al Rawi added.
Calo was founded at the end of 2019 and now claims to be “the world’s fastest-growing meal subscription service”. The company now operates more than 10 physical locations across the GCC area, including hospital-based outlets, and is on track to open new sites every quarter. It recently appointed Caroline Hazlehurst as Chief Operating Officer. Hazlehurst was the first general manager at Deliveroo UK & Ireland.
The company is currently piloting Calo Black, an AI-powered “private chef experience”. The product uses large language models to “capture nuanced customer preferences through natural conversation” and generate personalised daily menus. “Calo is embedding AI across user interaction and operational workflows to improve efficiency, scale personalisation, and unlock new formats for customer experience,” the company said.
No comments yet