Cumul.io, a Belgian startup which bills itself as ‘the building block’ for dashboards inside other SaaS applications, has raised €3.5 million in funding to fuel further growth. The round was led by Axeleo Capital, LRM and SmartFin, who led their previous investment round in 2017.
According to the startup, customers use its low-code software (particularly an embedded analytics product that was launched two years ago) to speed up the development of analytical features in their own applications, decreasing their time-to-market from more than six months to roughly a few days. Co-founders Karel Callens, Haroen Vermylen and Thomas De Clerck launched the company five years ago in Leuven. Today the business has an office in New York City and serves over 190 SaaS companies in 30 countries. About 25 percent of its revenue comes from the US. Growth plans include accelerating the company’s product roadmap, which includes a new query engine that can handle large datasets, and doubling the size of the team in main markets.