Saudi-based Foodtech Nabt Raises $1.5 Million From Merak Capital
Founded in 2022, Nabt operates a B2B marketplace that connects farmers directly with businesses.
Saudi Arabia-based Nabt, an agritech startup, raised $1.5 million in a seed funding round led by Merak Capital, with participation from angel investors.
Founded in 2022, Nabt operates a B2B marketplace that connects farmers directly with businesses, promoting transparency and sustainability within the agricultural sector. The funding will enable Nabt to accelerate product development and expand its market reach, which will enable it to transform the fresh produce ecosystem in Saudi Arabia.
“It has been inspiring to witness Nabt’s evolution throughout the Sunbolah Foodtech Accelerator programme. Their passion for innovation and dedication to solving real-world challenges are commendable,” Dr. Ali Alsabhan, General Manager of Entrepreneurship at the Ministry of Environment, Water and Agriculture, tells StartupScene.
As Saudi Arabia's agricultural sector is poised for significant growth, Nabt aims to strengthen food security by establishing robust connections between farmers and businesses, in order to foster a resilient agricultural infrastructure.
