News Summary

• Middle Eastern food delivery startup Calo said Tuesday it has raised $39 million in a Series B extension that was led by Aljazira Capital.
• The fundraise was more than 1.5x of its original $25 million raise in December.
• Calo delivered more than 10 million meals last year in Saudi Arabia, the UAE, Kuwait, Qatar, and Bahrain.
• The company is using this funding to expand into territories like the U.K. and to explore different partnerships in physical space.