Calo Raises $39 Million in Series B Extension to Boost Global Growth
Meal subscription platform Calo has announced the successful closure of a $39 million Series B extension funding round. This substantial investment round, co-led by Wa’ed Ventures and STV, with the participation of other regional and international investors, is set to bolster Calo’s efforts in scaling up its global operations.
Founded in 2019 in Bahrain, Calo quickly established itself as a leading player in the healthy meal subscription sector across the Middle East and North Africa (MENA) region. Offering customers a variety of personalized, ready-to-eat meals tailored to individual dietary plans, Calo has steadily expanded into new markets while consistently increasing its subscriber base.
The fresh capital injection will allow Calo to further enhance its technology infrastructure, broaden its customer reach, and fast-track expansion into new international locations. The funding will also be allocated to improving operational efficiency and expanding Calo’s product offerings, including new dietary programs and cuisines.
Quoting a key person involved:
“The funding is a testament to the robust business model we have built and the trust investors have in our growth plans,” the company stated.
With an eye on future market leadership, Calo’s team aims to leverage the new investment to solidify its position as a cutting-edge, tech-enabled meal subscription service. The company’s data-driven approach to nutrition, in-house culinary capabilities, and commitment to customer convenience continue to set it apart from competitors.
Analysts note that the Series B extension arrives during a period of booming interest in health-focused meal services globally, coinciding with shifting consumer habits post-pandemic.
Team V.INO-LNK
