# Calo funding: rounds and investors > Calo has raised $64M across 2 rounds since 2025. Investors include Nuwa Capital, Khwarizmi Ventures and STV. Every round with its source. Source: https://millionrounds.com/company/calo (Millionrounds; every figure on the page links to its filing or article) Saudi Arabia · [Series B startup](https://millionrounds.com/companies) # Who invested in *Calo* 2 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Delivery Food & Beverage Follow Calo and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fcalo) Funding summary Updated 5 Nov 2026 **$64M** raised across 2 rounds since 2025, from 3 sources **$25M** Round **$39M** Series B - **Latest round:** Series B, $39M Jul 2025 - **Led by:** Aljazira Capital - **Step-up i:** 1.6× - **Investors:** 6 (2 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2025 2026 **$25M** Round **$39M** Series B - **First round:** Round, $25M - **Biggest round:** $39M - **Between rounds:** 7 months ## The rounds - **Jul 2025** Series B **$39M** *3 new* *3 returning* [Aljazira Capital](https://millionrounds.com/fund/al-jazira-capital) Lead [500 Global](https://millionrounds.com/fund/500-startups) [Nuwa Capital](https://millionrounds.com/fund/nuwa-capital) [Khwarizmi Ventures](https://millionrounds.com/fund/khwarizmi-ventures) [STV](https://millionrounds.com/fund/stv) [Al Faisaliah Ventures](https://millionrounds.com/fund/al-faisaliah-ventures) Reported by TechCrunch - **Jan 2025** Round **$25M** *3 new* [Nuwa Capital](https://millionrounds.com/fund/nuwa-capital) Lead [Khwarizmi Ventures](https://millionrounds.com/fund/khwarizmi-ventures) [STV](https://millionrounds.com/fund/stv) Reported by TechCrunch and 1 other ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2025 **Series B** 2025 [Nuwa Capital](https://millionrounds.com/fund/nuwa-capital) L [Khwarizmi Ventures](https://millionrounds.com/fund/khwarizmi-ventures) [STV](https://millionrounds.com/fund/stv) [Aljazira Capital](https://millionrounds.com/fund/al-jazira-capital) L [500 Global](https://millionrounds.com/fund/500-startups) [Al Faisaliah Ventures](https://millionrounds.com/fund/al-faisaliah-ventures) ## Everyone who backed them [Nuwa Capital](https://millionrounds.com/fund/nuwa-capital) VC firm **2** rounds, led 1 [Khwarizmi Ventures](https://millionrounds.com/fund/khwarizmi-ventures) VC firm **2** rounds [STV](https://millionrounds.com/fund/stv) VC firm **2** rounds [Aljazira Capital](https://millionrounds.com/fund/al-jazira-capital) Wealth manager **1** round, led 1 [500 Global](https://millionrounds.com/fund/500-startups) Angel **1** round [Al Faisaliah Ventures](https://millionrounds.com/fund/al-faisaliah-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=calo). ## Also claim to have backed them These 2 firms list Calo as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Vision Ventures](https://millionrounds.com/fund/vision-ventures) VC firm Per its own site [Oraseya Capital](https://millionrounds.com/fund/oraseya-capital) Corporate VC Per its own site ## Quick answers about Calo ### Who invested in Calo? Calo's investors include Nuwa Capital, Khwarizmi Ventures, STV, Aljazira Capital and 500 Global, and 1 more on record. Aljazira Capital led its latest round. ### How much has Calo raised? Calo has raised $64M across 2 rounds since 2025. ### When did Calo last raise? Calo's most recent round was a Series B of $39M in Jul 2025, led by Aljazira Capital. ### What was Calo's biggest round? Its most recent round, $39M in Jul 2025, is also its largest on record. ### Who backed Calo first? Calo's first round on record, in Jan 2025, was backed by Nuwa Capital, Khwarizmi Ventures and STV. ### What stage is Calo at? Calo's latest named round is a Series B, in Jul 2025. ### Where is Calo based? Calo is based in Saudi Arabia. ### Who led Calo's rounds? Nuwa Capital led the Undisclosed round in 2025; Aljazira Capital led the Series B in 2025. ## Companies like Calo In the same sector, and raised in the last eighteen months. 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