Nabt, the Saudi agritech startup, has secured an additional three point four million dollars in a seed extension round. This brings its total funding to five million dollars. The round drew support from SHG Group, Merak Capital and a group of experienced angel investors. The new capital gives Nabt the momentum to expand into new cities, strengthen its tech platform and grow its customer network across the Kingdom.
A Platform Transforming Saudi Arabia’s Fresh Produce Market
Founded in 2022 by Abdullah Alotaibi, Nabt connects farmers directly with businesses through a B2B marketplace. The company aims to modernise the fresh produce value chain and build a stronger foundation for food security in Saudi Arabia. Its mission focuses on creating both digital and physical infrastructure that lifts the profitability and long term stability of the sector.
Nabt offers a complete ecosystem that includes:
- A warehouse hub for fulfilment and sorting
- Cold chain logistics for seamless delivery
- An online auction platform for large scale trading
- Real time market intelligence through Nabt Intel
These tools help farmers gain higher returns for their crops and allow businesses to source consistent, high quality produce with confidence.
Scaling Through New Funding
The seed extension round was announced at the Sunbola programme event hosted by MEWA. Leaders from Nabt, SHG Group and Merak Capital attended the signing ceremony. Investors reaffirmed their support for Nabt’s vision and the important role it plays in developing a modern food supply chain for the Kingdom.
Nabt will use the new capital to:
- Expand to major cities across Saudi Arabia
- Broaden its fresh produce portfolio
- Strengthen infrastructure for sorting, packaging and cold storage
- Grow its nationwide customer base
These investments increase market access for farmers and improve the efficiency of commercial sourcing across the country.
Building Advanced Agricultural Infrastructure
Nabt has already launched the Nabt Online Auction to enable large scale produce trading. It has also introduced Nabt Intel, which provides live pricing and demand insights. These features help farmers make informed decisions and allow businesses to act on timely data.
The company is also building new fulfilment centres across the Kingdom. These facilities support grading, packaging and temperature controlled logistics. They give farmers the tools to deliver quality at scale and help businesses secure reliable supply throughout the year.
Strong Support From Investors
Founder and CEO Abdullah Alotaibi stated that transparent and efficient infrastructure is essential for the future of food production. He said Nabt’s model aligns with Vision 2030 and creates long lasting value for farmers and national food security.
SHG Group’s leadership described Nabt as a pioneering Saudi company that strengthens supply chain efficiency and drives local innovation. Merak Capital highlighted the long standing fragmentation in the fresh produce market and noted that Nabt solves this challenge with a strong digital foundation.
Positioned for a Growing Market
Saudi Arabia’s fresh produce market reached nineteen billion dollars in 2024 and is projected to grow to twenty four billion dollars by 2029. This growth places Nabt in a strong position to build core infrastructure for the sector and support a sustainable, high quality produce ecosystem across the Kingdom.