Bahraini Foodtech Calo Eyes GCC Expansion After $13.5 Million Raise
This latest investment will help solidify the startup’s current presence in Bahrain and KSA, develop its technology to execute its product roadmap and expand into the GCC.
Bahrain-based foodtech, Calo, has jumped to the forefront of the ready-to-eat food space in Bahrain and Saudi Arabia since its founding in 2019. Now, in its latest milestone, the direct-to-consumer (D2C) foodtech has secured $13.5 million in a seed funding round co-led by Khwarizmi Ventures, Nuwa Capital, and STV with participation from Al Faisaliah Group, Vision Ventures, 500 Startups, Savour Ventures, Nama Ventures and other angel investors.
One of the largest seed rounds raised by a D2C foodtech startup globally, this latest investment will help solidify its current market positions, develop its technology to execute its product roadmap and expand into the GCC.
Calo was founded at the end of 2019 Ahmed Alrawi and Moayed Almoayed, providing personalized meal subscriptions along with calculated calories and macronutrients. The startup launched its services first in Bahrain before expanding its operations to Riyadh in early 2021.
