Sirdab Closes $10M Series A Led by Elm Company and BECO Capital

Sirdab has closed a $10 million Series A investment round, led by Elm Company and BECO Capital, supporting its focus on storage and transportation solutions designed to help businesses manage their logistics operations and scale.

Sirdab enables businesses to access and contract with storage and transportation service providers, manage inventory and orders, and coordinate logistics operations. At the same time, service providers can use the platform to showcase available space and manage billing, compliance requirements, and operating procedures.

The company graduated from Y Combinator’s Winter 2023 batch and had previously closed an investment round with participation from Y Combinator, COTU Ventures, D Global Ventures, and a group of angel investors.

Sirdab stated that it has reached profitability, with its revenue increasing 20x since graduating from Y Combinator. The company currently serves more than 850 entities, including government entities and listed companies, through 120 warehouses and 60 transportation service providers.

Sirdab was founded by Naif Alzahri and Abdulrahman Alnamlah.