Sirdab raises $10 million Series A to expand logistics network across GCC
Saudi Arabia-based logistics startup Sirdab has raised $10 million (SAR 37.5 million) in Series A funding. The round was co-led by PIF-backed digital solutions company Elm and existing investor BECO Capital, with participation from Y Combinator, COTU Ventures and D Global Ventures.
Terms beyond the raise amount were not disclosed.
Founded in 2022 by Naif Alzahri and Abdulrahman Alnamlah, Sirdab offers a technology platform that lets businesses access and manage warehousing and transportation services, inventory, and orders across multiple locations through a single system.
On the supply side, warehouse operators and carriers use Sirdab's software to standardise operations, share capacity, and handle billing and compliance.
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The company has grown revenue 20x since graduating from Y Combinator's Winter 2023 batch and is already profitable. Its network now spans more than 120 warehouses and 60 transportation providers, supporting dry, ambient, chilled, and frozen logistics for over 850 businesses, including government entities, listed companies, and large enterprises.
The capital will fund expansion across Saudi Arabia and the wider GCC, growth of its logistics network, and further platform development, including AI capabilities that match businesses to available capacity and automate coordination between shippers, warehouses, and carriers.
"Saudi Arabia is building one of the most dynamic logistics markets in the world, and businesses here have enormous room to grow," said Naif Alzahri, co-founder and CEO of Sirdab. "Sirdab gives them the infrastructure to grow on.
We make quality capacity accessible in days, keep operations visible in real time and hold service to a consistent standard, so companies can expand into new cities and categories with confidence. This funding allows us to bring that to many more businesses across the Kingdom and the GCC."
For international partners and investors watching the Saudi market, the raise signals that the Kingdom's logistics layer is moving from fragmented broker relationships toward software-coordinated infrastructure and that the companies building that layer can reach enterprise scale and profitability on domestic demand before pushing into the broader corridor.
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