Riyadh - Sharikat Mubasher: Nabt, the Saudi agriculture technology company modernizing the fresh-produce ecosystem, secured $3.4 million in a seed extension round, bringing its total funding to $5 million.
The fund, finalized and announced during the annual Sunbolah program, was led by SHG Group and saw participation from Merak Capital and several distinguished angel investors, the company announced in a statement today.
The signing ceremony was attended by Abdullah Alotaibi, CEO of Nabt; Ohman AlHokail, Co-founder and Managing Partner of Merak Capital; and Mohammed Al-Garafi, CEO of SHG Group.
Nabt will use the new capital to accelerate its expansion into additional Saudi cities, broaden its fresh-produce portfolio, grow its nationwide customer network, and advance its operational infrastructure, thereby increasing market access for farmers across the Kingdom.
Alotaibi affirmed that the investment will enable Nabt to develop a model that not only serves the Kingdom but sets a benchmark for the wider region and global markets. “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,” he added.
For his part, Al Garafi commented: “Our support for Nabt reflects our belief that local innovation is the cornerstone of building sustainable and globally competitive sectors, and that Saudi entrepreneurs have the ability to turn ambition into reality.”
Nabt is building the physical and digital infrastructure for Saudi Arabia’s fresh-produce sector, enabling farmers to improve profitability, helping businesses secure consistent high-quality supply, and advancing the Kingdom’s food security.
It grows a network of fulfillment centers across Saudi Arabia designed for fresh-produce sorting, grading, packaging, cold storage, and temperature-controlled logistics, with operations in Riyadh and new hubs rolling out in other major cities.