Startup profile · funding coverage
Sirdab funding, valuation and investors
YC W23 Riyadh cloud-warehousing platform — $10M Series A co-led by Elm and BECO; company says profitable.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series A
$10M · September 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$10M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series a · Riyadh, Saudi Arabia
Investors in latest funding
Lead: Elm , BECO Capital
Other: Y Combinator , COTU Ventures , D Global Ventures
Overview
Sirdab is a Riyadh logistics company that lets businesses book dry, ambient, chilled, and frozen warehouse space and transportation from one dashboard. Y Combinator lists it in the Winter 2023 batch; founders are Naif Alzahri and Abdulrahman Alnamlah. On September 3, 2026 Wamda reported a $10 million (SAR 37.5 million) Series A co-led by Elm, the PIF-backed digital-solutions company, and existing investor BECO Capital, with Y Combinator, COTU Ventures, and D Global Ventures participating. Wamda says revenue grew 20x since YC while the company reached profitability, and that more than 850 businesses use a network of 120+ warehouses and 60+ transportation providers. Valuation was not disclosed. Elm, BECO, COTU, and D Global do not have Venture Capital Tracker /fund/ pages; Y Combinator does. YC's company page still describes an earlier warehouse footprint — use Wamda for the September round.
Why Sirdab is interesting
September 3, 2026: Wamda reported a $10 million Series A co-led by PIF-backed Elm and existing investor BECO Capital, with Y Combinator returning. Wamda: 20x revenue since the Winter 2023 batch, profitability, 850+ businesses, 120+ warehouses. No valuation.
Product & use cases
Marketplace and ops layer for dry/ambient/chilled/frozen warehouse space and FTL/LTL/last-mile capacity in Saudi Arabia and the GCC, booked from one dashboard.
- Short-term multi-temperature warehousing instead of a long 3PL lease
- Inventory visibility across multiple sites
- Bulk and last-mile distribution through a single platform
- Multi-city inventory and order management for Saudi/GCC businesses
Key facts
- Sep 3, 2026: $10M Series A; Elm + BECO co-lead (Wamda); YC returning; no valuation
- YC Winter 2023; Riyadh cloud warehousing
- Wamda: 20x revenue since YC; profitable; 850+ businesses; 120+ warehouses; 60+ transportation providers
- No /fund/ pages for Elm, BECO Capital, COTU, or D Global
Funding history (newest first)
Series A
2026-09 $10M- Elm (lead)
- BECO Capital (lead)
- Y Combinator (participant)
- COTU Ventures (participant)
- D Global Ventures (participant)
Source: https://www.wamda.com/2026/09/sirdab-raises-10-million-series-expand-gcc
Investors in our directory
Funds linked from Sirdab's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: A YC logistics company that a PIF-backed strategic (Elm) co-led at Series A with a profitability claim — diligence is the audited P&L and warehouse-partner quality, not a valuation, which was not disclosed.
Sirdab is a $10 million Series A with a profitability claim and no mark. That is a GCC logistics proof point for YC, not a US demand query.
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Traditional GCC 3PLs incumbent
Long-lease warehouses and dedicated fleets. Sirdab sells short-term, multi-temp space via software.
Notable stories
- Wamda is the round source. YC's company page is the batch/product source and still shows older warehouse counts.
Industries
Related funding articles
Venture Capital Tracker pieces that cover Sirdab's financing or category context.
FAQs about Sirdab
Practical answers founders, operators, and investors typically search for.
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