FoodTech startup Calo raised $13 million in its Pre-Series A led by Nuwa Capital and STV where Khwarizmi Ventures, Al Faisaliah Group, AlRajhi Family Office, and other investors also participated.
Calo offers customised meal subscriptions based on fitness or lifestyle goals. Customers receive their meals on a daily basis and can select from a rotating menu. Calo offers customised meal subscriptions based on fitness or lifestyle goals. Customers receive their meals on a daily basis and can select from a rotating menu. The new funds will be used to double down on the GCC market, serve new categories, and investigate regional and international expansion opportunities. This year, the company expanded to two new countries and six new cities, including Dammam and Jeddah in Saudi Arabia, as well as the UAE and Kuwait.
