Homegrown agritech Nabt closed a USD 3.4 mn Seed Extension round led by SHG Group, with participation from Merak Capital and angel investors, bringing the company’s total funding to USD 5 mn (SAR 18.8 mn), according to a press release. The funding agreement was finalized during the annual Sunbola program event organized by the Environment, Water, and Agriculture Ministry.

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Use of proceeds: Nabt will use the fresh funds to expand its fulfillment network beyond Riyadh into major Saudi cities, broaden its fresh-produce portfolio, grow its nationwide customer base, and strengthen its operational infrastructure — ultimately improving market access for farmers across the Kingdom.

REMEMBER- Nabt raised SAR 5.6 mn in a seed funding round led by Merak Capital with unnamed angel investors in October 2024. The funding was geared toward fast-tracking product development and expanding its market presence.

About Nabt: Founded in 2022 by Abdullah Alotaibi (LinkedIn), Nabt is a B2B marketplace that links farmers directly with commercial buyers through a hybrid model combining physical logistics and digital trading. Its Riyadh warehouse hub handles sorting, grading, packaging, and cold-chain operations. Meanwhile, its digital platforms — Nabt Online Auction for large-scale trading and Nabt Intel for real-time pricing and demand insights — support efficient, data-driven transactions.

IN OTHER STARTUP NEWS-

Egypt-born, Saudi-based social e-commerce platform Taager entered the Moroccan market, launching operations in Casablanca as part of its regional MENA growth plan, according to a press release. The move targets Morocco’s growing e-commerce market, where Taager aims to make online selling more accessible for young entrepreneurs.

  • This marks the company’s first expansion into North Africa, following its presence in Egypt, Saudi Arabia, and the UAE.

REMEMBER- Back in February, the firm raised USD 6.8 mn in a pre-Series B funding round, led by Africa-focused tech growth fund Norrsken22, to expand further in the Middle East and integrate AI sales agents into its platform.

About Taager: Founded in 2019 by Abdelrahman Sherief (LinkedIn), Ahmed Ismail (LinkedIn), Ismail Omar, and Mohammed Elhorishy, the company provides an end-to-end platform for social e-commerce sellers in MENA, offering services to help sellers scale up their businesses, including product sourcing, logistics, pricing, and marketing optimization.

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