Food delivery service company Calo has completed a $39 million Series B extension financing.

Calo, a Middle Eastern food delivery startup, announced on Tuesday that it has completed a $39 million Series B extension financing round led by AlJazira Capital. The amount of this financing is more than 1.5 times that of its initial $25 million Series B financing in December last year. Existing investors Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah Group also participated in this round of financing. The company plans to use this funds to expand into markets such as the UK and explore various partnerships in the physical realm. (Sina Finance)