MADRID, 24 Nov. (EUROPA PRESS) -

The Cardumen Capital fund has participated as an investor in a round of 14 million dollars (13.4 million euros) raised by the Israeli data analysis platform Loops.

The round has been led by Scale Venture Partners, an investor in Hubspot and Docusign, among others, and has also had the contribution of a 'business angel'.

The Loops platform is a 'no code' tool that allows technology development teams to discern opportunities to improve their apps and websites through automatically run analytics. With the funds, the company will continue to refine its information engine and expand its team for commercial deployment.

Additionally, Loops monitors the impact of actions and refines its recommendations over time so teams can build better, more profitable products. "We are very happy to continue driving the growth of Loops, allowing the company to develop the full potential of its solution and bring its innovative business proposition to the market", said the founding partner of Cardumen Capital, Gonzalo Martínez de Azagra.