Cumul.io, a Belgian startup that bills itself as ‘the building block’ for dashboards inside other SaaS applications, has raised €10 million in a Series A funding round in order to “capture global demand”.
Cumul.io’s €10 million Series A round was led by Hi Inov-Dentressangle, with participation from existing seed investors Axeleo Capital, LRM, and SmartFin. To date, the company has raised in excess of €13 million is reports exceeding this number in ARR.
According to the startup, customers use its low-code software (particularly an embedded analytics product that was launched four years ago) to speed up the development of analytics 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 seven years ago in Leuven. Today the business has an office in New York City and serves over 240 SaaS companies in 37 countries.
“In a world that is now almost entirely powered by technology, all businesses are becoming data-driven software companies. But in today’s highly competitive business environment where cost and time efficiency is critical, the data driving these companies needs to be presented in a simple and understandable manner,” explained Callens. “Our low-code building block approach to analytics offers a simple, yet powerful way for any business user, regardless of technical skillset, to build highly engaging customer-facing dashboards. Cumul.io has been built from the ground up to redefine what confident decision-making looks like, and we believe our platform is ready for mass adoption.”