Our portfolio company Cumul.io raises a €10 million Series A for low-code SaaS embedded analytics platform

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Article Date
January 17, 2023

Cumul.io has raised €10 million in a Series A round, which was led by Hi Inov-Dentressangle, with participation from historic investors Axeleo Capital (AXC), LRM, and SmartFin. Axeleo Capital (AXC) had previously co-led the Cumul.io’s Seed round (€3.1 million) in 2020 with LRM & Smartfin.

Founded in Belgium in 2025, Cumul.io develops a powerful low-code embedded analytics platform that lets you build interactive dashboards with simple drag & drop, and integrate them in your own application in just a few lines of code. 

Its intuitive interface enables product managers and customer success teams to create an engaging interactive analytics experience, which allows them to free up their engineering team from having to develop complex visualization features themselves.

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 Karel Callens, CEO and Co-Founder, Cumul.io. “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.

This new cash injection will help the company to further augment its global team of 41 people with experienced specialists across all areas of the business and increase the platform’s analytical power, in addition to further improving ease-of-use, robust performance and increased scalability. The solution is currently being used by over 240 SaaS companies worldwide across 37 countries, and with a third of its revenue generated in North America, Cumul.io is planning to concentrate its growth efforts towards this market. 

See on TechCrunch here!