# Sayara

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sayara

- Industry: Retail
- Headquarters: Riyadh, Saudi Arabia
- Website: www.syarah.com
- Total disclosed funding: $63M
- Latest round: Series C (Sep 2, 2024)
- Investors on record: 10

## About

Based in Riyadh, Saudi Arabia and founded in 2015 by Salah Sharef (Co-Founder & CEO), and Fayez Alanazi (Co-Founder), Syarah Limited operates an online car transaction platform that sells and delivers new cars and second-hand cars. In September 2026, Syarah Limited raised USD 12 million in venture funding from Impact46, Alinma Bank, and AlJazira Capital.
The company sells, ships, and delivers new cars and used cars for dealers and individuals, on the online platform, Syarah Online. The company also provides car installment services, car insurance, and car lease services for clients.
The company plans to use the September 2026 funding to expand its customer base across Saudi Arabia, enhance its online car-buying experience, strengthen sales operations, and improve delivery capabilities supporting its digital purchasing model.

## Funding rounds

- Series C, Sep 2, 2024, $40M — Elm Company, Derayah Ventures, Impact46, Tawuniya, Artal Capital
- Series B, Aug 29, 2021, $20M — Budget Rent-a-Car, Vision Ventures, Elm Company, Impact46
- Series B, Jun 9, 2020 — Impact46
- Series A, May 6, 2018, $2M — BECO Capital, RAED Ventures, Vision Ventures
- Seed, Oct 19, 2016, $0.6M — 500 Global, BECO Capital, RAED Ventures

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- BECO Capital (https://capitalatlas.ai/funds/beco-capital) — Seed, Series A
- RAED Ventures (https://capitalatlas.ai/funds/raed-ventures) — Seed, Series A
- Vision Ventures — Series A, Series B
- Impact46 (https://capitalatlas.ai/funds/impact46) — Series B, Series C
- Budget Rent-a-Car — Series B
- Elm Company (https://capitalatlas.ai/funds/elm-company) — Series B, Series C
- Derayah Ventures (https://capitalatlas.ai/funds/derayah-ventures) — Series C
- Tawuniya — Series C
- Artal Capital (https://capitalatlas.ai/funds/artal-capital) — Series C