Ravical, a Belgian company that builds AI software for accounting and tax firms, has raised a $17m seed round led by MMC Ventures. Existing investors Lakestar and Pitchdrive took part, and Shapers joined as a new investor. The company announced the round on 29 October 2026.
The round brings Ravical's total funding to $25m, according to Tech.eu. The valuation was not disclosed.
Ravical raised a €7.3m pre-seed round led by Lakestar in May 2025. At the time it described itself as based in Ghent.
“Every firm will use AI, so the real question is who controls it. When every employee uses their own assistant in their own way, the individual gets better, but the firm doesn't.”Joris Van Der Gucht, CEO, Ravical
What Ravical does
Ravical's platform captures how a firm's most experienced staff judge, advise and deliver work, and turns that into shared processes that AI carries out across all of the firm's clients. The company argues that when each employee uses their own AI assistant in their own way, individuals improve but the firm does not.
The software works from a firm's own systems, such as its customer records, accounting software and databases. Firm leaders get a view of opportunities and risks across the whole client base, which Ravical says helps them sell more work to existing clients. More than 100 accounting firms in Europe use it.
Customers quoted in the announcement include Blick Rothenberg, Gascoynes and Barrons in the UK, Facet, Hein Koning and WEA Gouda in the Netherlands, and Titeca, ACS and V&M in Belgium. Gascoynes owner Chris Reeve said the firm's tax planning fees were up 49% year on year, almost all from existing clients.
Who is behind it
Ravical was founded in 2025, according to Tech.eu, by chief executive Joris Van Der Gucht, chief technology officer Ken Bastiaensen and chief product officer Benjamin Vandermarliere. Van Der Gucht previously co-founded Silverfin, a cloud platform that the company says is used by more than 1,000 accounting firms in 18 countries.
Mina Samaan, a general partner at MMC Ventures, compared the opportunity to legal technology, where companies such as Harvey and Legora have grown quickly. She said most AI start-ups in accounting are building tools for a single task, and that the winning firms will be those that make their best people count across every client.
What the money is for
Ravical will use the funding to strengthen its position in the UK, Belgium, the Netherlands and Germany, roll out across the rest of Europe and enter the US. Tech.eu reported that the money will also go into product development and hiring.
The company points to pressure on the traditional model of accounting firms, which grow by hiring more people. Demand for accounting and advisory work is rising while fewer graduates are joining the profession. Ravical's own research found that 70% of UK small and medium-sized businesses act on AI advice without consulting their accountant.
Company website: ravical.com