Saudi Foodtech Calo Raises $64 Million Series B for Global Expansion
Jul 30, 2025
Calo, a personalised meal subscription startup founded in 2019, has raised $64 million in Series B funding to fuel its global expansion and further develop its AI-powered operations. The round was led by Saudi Arabia's AlJazira Capital and included participation from existing investors such as Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah Group. Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority, also joined as a new investor.
With operations across Saudi Arabia, the UAE, and Kuwait, Calo claims to have delivered over 10 million meals to date. The Saudi-based foodtech recently expanded its portfolio with the acquisition of UK-based personalised nutrition brands Fresh Fitness Food and Detox Kitchen. The new capital will support further expansion beyond the GCC, as well as continued investment in personalisation features and new product lines.
Calo is working towards a public listing in 2027, leveraging its growth in the region and increasing interest in health-focused, tech-enabled food services. The company's strategy includes the launch of athlete-specific meal plans, consumer packaged goods, and ongoing R&D into AI applications for food personalisation and logistics.
The funding round comes amid a broader increase in foodtech activity in Saudi Arabia, as the Kingdom encourages investment in innovative health and consumer platforms as part of its economic diversification goals.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
8 hours ago
- Mid East Info
Sukoon Announces Resignation of CEO Jean-Louis Laurent Josi After Seven Transformative Years - Middle East Business News and Information
Established in 1975, Sukoon Insurance PJSC ('Sukoon') – a public stock company – is among the leading insurance providers in the UAE. Sukoon provides a range of comprehensive insurance solutions for motor, life, health, and general (property, energy, engineering, aviation, marine, and liability) needs to over 830,000 individuals and commercial clients. Sukoon's operations span across Oman and all Emirates in the UAE. Sukoon is committed to providing outstanding insurance solutions which help create and protect wealth and wellbeing. The Dubai-based company stays true to its vision by serving businesses and individuals with a team of over 700 professionals through an intensive distribution network of branches, brokers, bancassurance partners, agencies, e-commerce platforms, and a dedicated call center. In 2024, Sukoon registered gross written premiums (GWP) of AED 5.84 billion. With a solvency ratio exceeding 270 percent and exemplary ratings from Standard and Poor's (A rated) and Moody's (A2 rated), it clearly demonstrates its financial soundness, robustness in risk management processes, effective governance, and ability to serve its clients effectively in the long run. At its core, the Company is customer-centric, with a keen devotion towards providing exceptional services. Its priority has always been to build long-term relationships with its clients with their delight as its non-negotiable objective. Put simply, Sukoon wants to continue reinforcing its position as a reference for other insurers in the region for exemplary customer service.
Daily News Egypt
a day ago
- Daily News Egypt
Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism
Egyptian military aircraft have airdropped humanitarian aid over the Gaza Strip for the second day in a row, as fears mount of an imminent humanitarian catastrophe driven by famine. On Tuesday, Egyptian planes targeted central Gaza, focusing on the city of Deir al-Balah, which shelters over 150,000 displaced Palestinians. At the same time, Saudi relief efforts continued on the ground. On Wednesday, seven more trucks crossed through the Rafah crossing carrying food aid from the King Salman Humanitarian Aid and Relief Center. According to the Saudi Press Agency (SPA), the total volume of Saudi aid delivered to Gaza has now reached 7,188 tonnes, including 20 ambulances. However, the Central Emergency Committee in Gaza voiced frustration over official Egyptian claims about aid volumes, arguing that the reported daily entry of hundreds of trucks does not reflect the actual situation observed by local authorities. The committee called for the immediate, unconditional reopening of the Rafah crossing and denounced the 'complicated and humiliating coordination process' that continues to block the entry of vital medical supplies and fuel. In parallel, Belgium announced it will join the international airdrop initiative coordinated by Jordan, sending a plane with medical and food supplies valued at around €600,000 (approximately $690,000). The aircraft will remain stationed in Jordan, ready for coordinated deliveries into Gaza. Meanwhile, Gaza's Ministry of Health reported seven more deaths from famine within the past 24 hours, raising the total famine-related death toll to 154, including 89 children. The territory remains under a severe blockade, with limited and sporadic humanitarian access. On the military front, Al-Qassam Brigades claimed responsibility for targeting an Israeli military position in Khan Younis with three 'barrel bombs,' stating the attack caused casualties among Israeli troops. Inside Israel, the conflict's toll on soldiers has become increasingly visible: Haaretz reported a sharp increase in suicides among Israeli soldiers and officers, with 24 taking their own lives in 2024, seven of them since the start of the war on Gaza. The newspaper cited a shortage of mental health professionals and inadequate psychological support as contributing factors. Controversy also erupted in Israel after Heritage Minister Amichai Eliyahu suggested reclassifying Israeli hostages held in Gaza as 'prisoners of war' and postponing efforts to secure their release until Israel achieves military victory. His remarks provoked strong backlash from the public and relatives of the captives. Separately, Morocco's Foreign Ministry announced that King Mohammed VI had formally requested Israeli Prime Minister Benjamin Netanyahu to allow Moroccan humanitarian aid to enter Gaza via Israel's Ben Gurion Airport and then through the Kerem Shalom crossing. At the United Nations, the Office of the High Commissioner for Human Rights warned that Israeli settlement expansion in the occupied West Bank appears aimed at forcibly displacing Palestinians. The UN called on Israel to halt violence, discriminatory practices, and its continued occupation of Palestinian territories, reiterating that all settlements in the West Bank are illegal under international law. UN Special Rapporteur Francesca Albanese, meanwhile, expressed deep concern over US sanctions imposed on her for her outspoken criticism of the war in Gaza. Speaking from Rome to the Associated Press, Albanese described the sanctions as 'a dangerous development' that could hinder her work. On the diplomatic front, more than 20 countries attending the International Conference on the Two-State Solution in New York issued a joint statement reaffirming their vision for a peaceful resolution. Co-chaired by France and Saudi Arabia, and supported by Egypt, the EU, and others, the statement underscored the need for a viable Palestinian state. Malta's Prime Minister Robert Abela announced that his country will officially recognise the State of Palestine during the upcoming UN General Assembly session, following similar announcements by Britain and France.
Mid East Info
a day ago
- Mid East Info
Four Seasons and ALAIN Announce New Standalone Beachfront Private Residences in Abu Dhabi - Middle East Business News and Information
Dubai, UAE July 2025: Four Seasons, the world's leading luxury hospitality and branded residential company, and ALAIN, a leading Abu Dhabi-based asset management company, announce a new standalone beachfront residential offering in the UAE, Four Seasons Private Residences Abu Dhabi at Saadiyat Beach, set to welcome homeowners in 2029. Designed as an exclusive, gated beachfront community, Four Seasons Private Residences Abu Dhabi at Saadiyat Beach will offer a collection of ultra-luxury villas, beach mansions, a variety of suites, and penthouses. As one of the limited opportunities to own a home on Saadiyat Island's pristine shores, the development will cater to a discerning few seeking privacy, elegance, and timeless living. 'Building on the excitement and demand for Four Seasons residences in the region, this exceptional project presents a distinct coastal living experience, while perfectly complementing our urban offerings in the UAE,' says Bart Carnahan, Global Business Development, Portfolio Management and Residential, Four Seasons. 'We are pleased to partner with ALAIN to introduce Four Seasons living in such a coveted beachfront community, while expanding our exclusive collection of standalone residences.' Known for its white sand beaches, cultural district, and luxury offerings, Saadiyat Island is ideally located a short drive from the centre of Abu Dhabi, combining the best of beachfront living with convenient access to art, music, entertainment, and more. 'Our partnership with Four Seasons reflects our commitment to creating world-class developments that enrich Abu Dhabi's position as a leading destination for exceptional residential experiences. As a city that proudly stands on the global stage, we seek partners who share our drive for excellence and our ambition to enrich every aspect of life here. Four Seasons Private Residences Abu Dhabi at Saadiyat Beach blends the island's pristine shores, cultural richness, and natural beauty to offer an exclusive, service-rich lifestyle designed for those who value privacy, elegance, and timeless living. At ALAIN, we are proud to support developments that elevate Abu Dhabi's premier residential landscape and reinforce its global appeal,' said Khaled Haji Al-Khoori, Managing Director of ALAIN. The launch of Four Seasons Private Residences Abu Dhabi at Saadiyat Beach will introduce a dynamic mix of living options, each providing a unique blend of luxury and lifestyle comprising of 56 luxury villas including limited beach mansions and 60 suites including penthouse and royal residences. The design for each has been inspired by beauty of the surrounding environment – seamlessly blending the architecture, interiors and landscapes. Residents will exclusively and privately enjoy access to amenities including direct beach access, resident's lounge, pools, tennis and padel courts, spa and fitness facilities including a yoga and meditation studio, children's play areas, cinema, golf simulator and more. Outside of the residences, local attractions are a short drive away, including the Saadiyat Beach Golf Course, Zayed National Museum, Guggenheim and Louvre Abu Dhabi, international airports, and more. In addition to the thoughtfully designed amenities, residents will enjoy a service-rich lifestyle marked by Four Seasons legendary care. Led by a Residences General Manager, a Four Seasons residential team will be dedicated to caring for residents and their most important assets, their home. From concierge, housekeeping, culinary and wellness services to ongoing property management, Four Seasons teams become an extension of the home to deliver a seamless lifestyle experience. Al Ain Asset Management (ALAIN) is a diversified investment group that operates in a variety of key growth sectors, including capital investments, real estate, hospitality and education. The company was established in 1996 with the mandate of contributing to the social and economic development and prosperity of the communities in which it operates. Today, Al Ain Asset Management has grown into a group of leading companies headquartered in Abu Dhabi with a diversified local and international investment portfolio. ALAIN builds and manages exceptional residential, commercial, and mixed-use developments that enhance the lives of communities across the region. By fostering trusted partnerships and investing with care and cultural awareness, ALAIN delivers long-term value while contributing to economic and social prosperity. Guided by a commitment to integrity, innovation, and operational excellence, ALAIN creates sustainable financial returns for its people, partners, shareholders, and the communities it serves. About Four Seasons Private Residences As a long-time leader in branded residences, Four Seasons currently operates 57 branded Private Residence properties around the world, with three-quarters of future Four Seasons projects including a residential component. All Four Seasons residential offerings combine Four Seasons legendary people and service with bespoke hotel amenities such as spa services, in-residence dining services, housekeeping, concierge services and many more, creating a seamless experience for residence owners.
