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: Read source · wamda.com
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
Market / IPO context
Editorial / static context — not a live quote.
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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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.