Nabt, a Saudi agricultural technology company, has raised $3.4 million in a seed extension round, bringing total funding to $5 million. The round was led by SHG Group, with continued participation from Meraku Capital and selected angel investors. Founded in 2022 by Abdullah Alotaibi, Nabt operates a B2B marketplace that connects farmers and businesses directly. The new funding will support Nabt’s expansion into additional Saudi cities, expand its fresh production portfolio, expand its customer base, and strengthen its operational infrastructure.
press release:
Riyadh, Saudi Arabia – Nabt, an innovative Saudi agritech company modernizing the fresh produce ecosystem, today announced the closing of a US$3.4 million seed extension round, bringing the company’s total funding to US$5 million (SAR 18.8 million). The round was led by SHG Group, with continued support from Merak Capital and a number of prominent angel investors, reflecting investors’ strong confidence in Nabt’s growth trajectory and mission.
The announcement was made at a signing ceremony during the annual Sunbola Program event held under the Ministry of Environment, Water and Agriculture (MEWA) to mark the completion of the Seed Extension Round. Nabt CEO Abdullah Alotaibi also attended the signing ceremony. Oman Alhokair, Co-Founder and Managing Partner of Meraku Capital. Mr. Mohammed Al Gharafi, CEO of SHG Group.
Nabt is building the physical and digital infrastructure for Saudi Arabia’s fresh produce sector. This will help boost Saudi food security by enabling farmers to increase profitability and businesses to ensure a stable, high-quality supply.
From its operational warehouse hub where fulfillment, sorting and last-mile cold chain logistics connect farmers directly with commercial buyers, the startup recently launched Nabt Online Auctions to facilitate large-scale agricultural trade across the Kingdom.
Alongside its auction platform, Nabt Intel provides real-time price and market demand intelligence to help farmers maximize the value of their crops and gives businesses real-time access to market data to make smarter, more competitive decisions.
The newly secured capital will support Navt’s expansion into additional Saudi cities, expand its fresh produce portfolio, expand its nationwide customer network and strengthen its operational infrastructure, thereby increasing market access for farmers across the Kingdom.
Abdullah Alotaibi, Founder and CEO of Nabt, said: “In just two years, Nabt has proven that building transparent and efficient infrastructure for fresh produce is not only possible, but essential. Our vision is to empower farmers, strengthen food security, and build sustainable agriculture. “With this investment, we are extending that vision beyond our borders and developing a model that not only serves Saudi Arabia, but also contributes to it, and is consistent with Saudi Arabia’s Vision 2030.” Benchmark for the wider region and global market. ”
To support this ecosystem, Nabt is expanding its network of fulfillment centers for fresh food sorting, grading, packaging, cold storage, and temperature-controlled logistics across Saudi Arabia, with operations in Riyadh and new hubs in other major cities. These centers allow farmers to deliver consistent quality at scale, while allowing businesses to source fresh produce more reliably and efficiently.
Mohammed Al Gharafi, Founder and Chairman of SHG Group, said:
Nabt represents a pioneering Saudi model that bridges technology and agricultural production, providing integrated solutions that enhance food security and increase supply chain efficiency.
Our support for Nabt reflects our belief that local innovation is the basis for building a sustainable and globally competitive sector, and that Saudi entrepreneurs have the ability to turn ambition into reality. ”
“The fresh produce supply chain has long been constrained by fragmentation and limited visibility,” said Osman Alhokair, Founder and Managing Partner of Merak Capital. It is providing farmers with direct access to previously out-of-reach markets. This is the kind of structural modernization that will generate lasting productivity gains and strengthen the broader economy, underpinned by Abdullah Alotaibi’s vision and ambitious roadmap.” Navto, we are proud to double as our company continues to expand. ”
With the fresh produce market expected to reach US$19 billion in 2024 and US$24 billion by 2029, Nabt is strategically positioned to become the foundational infrastructure that powers the Kingdom’s agri-food economy, while promoting sustainability, efficiency and national food security.
