Sirdab raises $10M Series A from Elm and BECO to expand Saudi logistics platform across GCC

Saudi logistics startup Sirdab has raised $10 million in Series A funding co-led by PIF-backed digital solutions company Elm and existing investor BECO Capital.

The round brings Elm, where co-founder Abdulrahman Alnamlah spent four years before starting Sirdab, onto the cap table alongside existing backers Y Combinator, COTU Ventures and D Global Ventures. BECO first backed Sirdab at seed stage in 2024, while COTU partnered with the company at pre-seed and Sirdab went through Y Combinator’s Winter 2023 batch.

Founded in 2022 by Alnamlah and Naif Alzahri, Sirdab provides businesses with access to warehousing and transportation capacity through a single platform, while allowing them to manage inventory, orders and service levels across multiple locations. Logistics providers use its software to make spare capacity available and manage operations, billing and compliance.

Sirdab says revenue has grown 20x since YC and that the company has reached profitability. More than 850 businesses now use the platform, while its network spans over 120 warehouses and 60 transportation providers across dry, ambient, chilled and frozen logistics.

The company operates an asset-light model that combines third-party warehouse capacity with facilities it manages directly in strategic locations, using its software to connect the network into a single operating system.

“We make quality capacity accessible in days, keep operations visible in real time and hold service to a consistent standard,” co-founder and CEO Naif Alzahri said.

The Series A will fund further expansion across Saudi Arabia and the GCC, growth of Sirdab’s logistics network and development of its technology platform. The company is also building AI tools to match businesses with available capacity and automate coordination between shippers, warehouses and carriers.