Calo, a direct-to-consumer FoodTech startup offering personalized meal subscriptions, raised $13 million in a Pre-Series A round led by Nuwa Capital and STV. Calo’s pre-series A round also witnessed the participation of Khwarizmi Ventures, Al Faisaliah Group, AlRajhi Family Office, and other investors.
The new funds will be used to double down on the GCC market, serve new categories, and explore opportunities for regional and international expansion.
“Calo is truly making healthy easy for thousands of customers across the region. The continuous growth and positive reviews are a sentiment to the team’s obsession with the customer and focus on operational excellence. Calo is solving a real problem, and we are excited to double down on our partnership with the team and company as they solve it for thousands more,” Mazin Alzaidi, General Partner at STV, stated.
Calo was founded in 2019 in Bahrain and currently operates in Saudi Arabia, Bahrain, the UAE, and Kuwait. The startup serves personalized meal subscriptions to busy people, catered to their fitness or lifestyle goals.
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