Ravical raises USD $17 million seed round led by MMC

Ravical has raised USD $17 million in seed funding in a round led by MMC Ventures.

The London- and Ghent-based company sells an artificial intelligence platform to accounting and tax firms. Existing investors Lakestar and Pitchdrive joined the round, alongside new investor Shapers.

Ravical will use the funding to build its presence in the UK, Belgium, the Netherlands and Germany, expand further across Europe, and enter the US. It says more than 100 accounting firms in Europe already use the platform.

The business was founded in 2025 by Joris Van Der Gucht, Chief Executive Officer; Ken Bastiaensen, Chief Technology Officer; and Benjamin Vandermarliere, Chief Product Officer. Van Der Gucht previously co-founded Silverfin, a cloud accounting software business sold for €320 million in 2023.

The investment comes as accounting firms face pressure on their traditional growth model, which has relied on hiring more staff and selling specialist knowledge. Ravical argues that rising demand for advisory work, tighter recruitment conditions and wider access to AI tools are testing that model.

According to Ravical, its research found that 70 per cent of UK SMEs now act on AI advice without consulting their accountant. It says that trend is changing how firms think about expertise, client service and internal workflows.

Changing market

Ravical argues that firms should turn the working methods of their most experienced staff into a shared system that can be applied across a wider client base. It says that approach can help firms extend advice and consistency without tying growth directly to headcount.

That view reflects a broader debate across professional services over whether AI will mainly remove tasks or reshape how firms package and distribute specialist knowledge. In accounting, where firms have long depended on partner expertise and staff capacity, investors are watching for platforms that move beyond narrow task automation.

"AI is changing what clients expect from their accountants, and firms are becoming more proactive and strategic than ever before. Our role is to help them get there. 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. We turn how a firm's best people work into a shared way of working that AI carries out across every client. Firm leadership sees every opportunity and risk across the client base, so the firm wins more work from the clients it already has," said Joris Van Der Gucht, Chief Executive Officer, Ravical.

Investor view

MMC Ventures sees an opening in accounting software for businesses that address firm-wide processes rather than isolated tasks. It compared the market with legal technology, where AI-focused platforms have gained traction more quickly.

"Accounting hasn't had its Harvey or Legora moment yet. Most of the AI startups we've met in the space are building point solutions for a single task or workflow. We don't believe the winners will be the firms that replace their people. Rather, they'll be the ones that make their best people count across every client. That's what Ravical is built for. More than 100 firms are already on the platform, which is the clearest sign yet that the profession is starting to change. We feel very fortunate to have found Joris, Ken and Benjamin, and we're delighted to be backing them as they continue to expand into new markets," said Mina Samaan, General Partner at MMC Ventures.

The latest round takes Ravical's total funding to USD $25 million. The group operates from offices in Ghent and London.

Ravical is entering a growing field of software providers trying to persuade accounting firms that AI can do more than automate isolated back-office processes. Its argument is that firms will need systems that embed judgement, standardise advice and give management a clearer view of risks and opportunities across their client portfolios.

For accounting firms, that promise speaks to a long-running staffing problem as fewer graduates enter the profession and experienced employees become harder to recruit. Ravical's backers are betting that firms under that strain will look for tools that help them spread internal expertise more widely rather than simply reduce staff numbers.