Saudi logistics startup Sirdab raises $10M Series A to expand across the GCC
What's the deal? Saudi Arabia-based logistics startup Sirdab has raised $10 million (37,500,000 SAR) in Series A funding, co-led by new investor ElmDealroom has a profile for this one. Try Dealroom →, the PIFDealroom has a profile for this one. Try Dealroom →-backed digital solutions company, and existing investor BECO Capital. Y Combinator, COTU Ventures, and D Global VenturesDealroom has a profile for this one. Try Dealroom → also participated.
What's the endgame? Founded in 2022 by Naif Alzahri and Abdulrahman Alnamlah, Sirdab runs a platform that lets businesses access and manage warehousing and transportation, inventory, and orders across multiple locations in one system. It calls itself the "logistics infrastructure layer" for Saudi Arabia and the GCC.
By the numbers: Sirdab has grown revenue 20x since graduating from Y Combinator's Winter 2023 batch, while reaching profitability. More than 850 businesses use the platform, and its network spans over 120 warehouses and 60 transportation providers across dry, ambient, chilled, and frozen logistics.
Why now? The round is a sizeable one for the region, landing in the top third of Series A deals by amount. Sirdab plans to use the money to expand across Saudi Arabia and the wider GCC, grow its logistics network, and further develop its platform.
What's next? Part of that development is AI that matches businesses with available capacity and automates day-to-day 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 Alzahri, co-founder and chief executive officer. "This funding allows us to bring that to many more businesses across the Kingdom and the GCC."
The signal: Sirdab's asset-light model — a distributed network stitched together by its own software — mirrors a broader push to digitise logistics in a market the government is positioning as a global trade hub. Backing from a PIF-tied investor signals how closely such infrastructure plays now track Saudi state priorities.
Read more: wamda.com
Image credit: Sirdab
