Nabt, a Saudi agritech startup transforming the fresh-produce supply chain, has raised $3.4 million in a Seed Extension round. This brings the company’s total funding to $5 million (SAR 18.8 million).
The round was led by SHG Group, with continued support from Merak Capital and several well-known angel investors—showing strong confidence in Nabt’s growth and mission.
The announcement was made during a signing ceremony at the annual Sunbola program event, organized by the Ministry of Environment, Water and Agriculture (MEWA). This event marked the official completion of Nabt’s Seed Extension round.
The ceremony was attended by Abdullah Alotaibi, CEO of Nabt; Ohman AlHokail, Co-founder and Managing Partner at Merak Capital; and Mohammed Al-Garafi, CEO of SHG Group.
Nabt is developing both physical and digital systems to modernize Saudi Arabia’s fresh-produce industry. Its platform helps farmers earn more, supports businesses in getting reliable, high-quality produce, and strengthens the country’s overall food security.
The company operates from a central warehouse hub where it manages sorting, fulfillment, and cold-chain delivery. This setup connects farmers directly to commercial buyers. Nabt recently launched Nabt Online Auction, a platform that makes it easy to trade large volumes of fresh produce across the Kingdom.
In addition to the auction platform, Nabt Intel provides real-time pricing and market demand data. This helps farmers get the best value for their crops and allows businesses to make faster, smarter purchasing decisions.
With its new funding, Nabt plans to expand into more cities, offer a wider range of produce, grow its customer base across the country, and strengthen its operational network to give farmers better access to markets nationwide.
Abdullah Alotaibi, Founder & 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 aligns with Saudi Arabia’s Vision 2030 – empowering farmers, strengthening food security, and building lasting infrastructure for sustainable agriculture. With this investment, we’re scaling that vision beyond borders, developing a model that not only serves the Kingdom but sets a benchmark for the wider region and global markets.”
Othman Alhokail, Founder and Managing Partner at Merak Capital, commented: “The fresh produce supply chain has long been constrained by fragmentation and limited visibility. Nabt is addressing these gaps with a digital foundation, improving price discovery and giving farmers direct access to markets that were previously out of reach. This is the kind of structural modernization that creates lasting productivity gains and strengthens the broader economy. Anchored by Abdullah Alotaibi’s vision and ambitious roadmap for Nabt, we are proud to double down as the company continues to scale.”
Merak Capital is a Saudi investment firm that invests in different industries and at various business stages. With strong tech knowledge and market research, the company keeps up with new digital trends and looks for opportunities that match how markets are evolving locally, regionally, and globally.
Merak works with visionary founders and companies that are creating change, opening new markets, and driving sustainable growth. The firm supports innovation and entrepreneurship that help shape the future.
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