Information on the Target

Cumul.io, founded in Belgium in 2025, specializes in developing a robust low-code embedded analytics platform. This innovative solution empowers users to construct interactive dashboards effortlessly through drag-and-drop functionality and integrate them into existing applications with minimal coding.

The platform's user-friendly interface is designed to enable product managers and customer success teams to deliver engaging analytics experiences, allowing engineering teams to focus on other critical development tasks without the burden of creating intricate visualization features.

Industry Overview in Belgium

The analytics industry in Belgium is experiencing significant growth as companies increasingly rely on data-driven decision-making processes. The surge in digital transformation across various sectors necessitates tools that allow businesses to visualize data intuitively and effectively. Low-code platforms, in particular, are gaining traction, catering to the need for quick and accessible data analytics without extensive technical expertise.

Belgium is home to a growing number of tech startups, fostering a collaborative ecosystem that encourages innovation in analytics solutions. The presence of established venture capital firms further boosts this environment, contributing to an influx of funding into promising companies.

Moreover, with the rise in software-as-a-service (SaaS) offerings among Belgian companies, the demand for embedded analytics tools is at an all-time high. Organizations are looking for solutions that can be seamlessly integrated into their existing services, which allows them to offer enhanced capabilities to their users.

The North American market, in particular, has become a focal point for Belgian analytics companies, given its large customer base and appetite for advanced technology solutions. This presents a lucrative opportunity for local firms to expand their reach and grow their revenue streams significantly.

The Rationale Behind the Deal

The €10 million raised in Cumul.io's Series A funding round is intended to fuel the company's growth trajectory. The investment will not only enhance its global workforce with specialist talent across various business functions but also improve the platform's analytical capabilities and overall user experience.

By concentrating efforts on expanding within the North American market, Cumul.io aims to capitalize on the substantial demand for low-code analytics solutions, thereby increasing its market presence and accelerating revenue generation.

Information about the Investor

The funding round was led by Hi Inov-Dentressangle, a prominent venture capital firm known for backing innovative tech startups. Alongside Hi Inov-Dentressangle, historic investors such as Axeleo Capital, LRM, and SmartFin have participated in this round, highlighting a solid backing from experienced investors in the tech sector.

Axeleo Capital previously co-led Cumul.io's Seed round, showcasing their continued confidence in the company's potential and growth prospects. The involvement of these seasoned investors not only provides monetary support but also strategic guidance to assist in navigating the competitive landscape of the analytics industry.

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From an investment perspective, Cumul.io represents a promising opportunity, given the increasing global demand for low-code analytics solutions. The company's focus on user experience, coupled with its strategic intention to expand into the burgeoning North American market, positions it for future success.

Furthermore, the backing from reputable investors, along with a solid foundation of existing clients, demonstrates Cumul.io's market credibility and potential for scalability. This combined with continuous improvements in its platform is likely to enhance customer satisfaction and retention rates.

Nevertheless, potential challenges such as increased competition in the analytics space could pose risks. However, Cumul.io's unique offerings and growth strategy provide a buffer against such threats.

In summary, while the analytics field is highly competitive, Cumul.io's innovative approach and strategic direction make it a strong candidate for investment, with the potential for significant upside in the coming years.

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Hi Inov-Dentressangle

invested in

Cumul.io

in 2025

in a Series A deal

Disclosed details

Transaction Size: $10M

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