We present new non-perturbative results about the meson spectrum and the low-energy constants of QCD in the 't Hooft large-$N$ limit, $N\to\infty$ with $N_{\scriptscriptstyle{\rm f}}/N\to0$. These are obtained from lattice Monte Carlo simulations of the Twisted Eguchi-Kawai (TEK) model up to $N=841$. More precisely, we will discuss: our findings for the meson mass spectrum; the determination of the radial Regge trajectories in the $\pi$ and $\rho$ channels; the computation of the coefficients of the $1/N$ expansion of the chiral condensate, of the pion decay constant, and of the next-to-leading-order coupling $\bar{\ell}_4$, up to $\mathcal{O}(1/N^3)$ from the combination of TEK and standard finite-$N$ results.