Ravical, an AI startup developing technology for accounting and tax firms, has raised $17 million in seed funding to support its product development and international expansion. The round was led by MMC Ventures, with participation from existing investors Lakestar and Pitchdrive, alongside new investor Shapers. The investment brings the company's total funding to $25 million.

Founded in 2025 by Joris Van Der Gucht (CEO), Ken Bastiaensen (CTO) and Benjamin Vandermarliere (CPO), Ravical develops an AI-powered platform designed to help accounting and tax firms manage their operations and make better use of their internal expertise. Its technology enables firms to standardise workflows by turning the knowledge and practices of experienced professionals into shared processes that can be applied across their client base.

The company aims to address challenges facing the accounting industry, where growing demand for accounting and advisory services is accompanied by difficulties in recruiting and retaining skilled professionals. At the same time, the increasing availability of AI tools is changing how clients access financial information and advice.

According to research conducted by Ravical, 70 per cent of UK small and medium-sized enterprises (SMEs) now act on AI-generated advice without consulting their accountants. This shift is creating additional pressure on accounting firms to adapt their services and demonstrate the value of their expertise.

Ravical's platform is designed to help firms use AI consistently across their operations rather than relying on individual employees adopting separate tools. By making internal expertise accessible across teams, the company aims to support more efficient workflows, improve client service and help firms identify additional business opportunities within their existing client base.

Joris Van Der Gucht, co-founder and CEO of Ravical, highlighted the importance of adopting AI at an organisational level rather than relying on individual employees to use separate tools:

When every employee uses their own assistant in their own way, the individual gets better, but the firm doesn’t. We turn how a firm’s best people work into a shared way of working that AI carries out across every client.

More than 100 accounting firms across Europe currently use Ravical's platform. The new funding will support further product development, team expansion and growth in the UK, Belgium, the Netherlands and Germany. The company also plans to expand into additional European markets and enter the US.