Ravical raises $17 million seed round led by MMC Ventures for AI aimed at accounting firms

Ravical, a startup building AI software for accounting and tax firms, has raised a $17 million seed round led by venture firm MMC Ventures. New investor Shapers joined the round, alongside existing backers Lakestar and Pitchdrive. According to trade coverage published on October 30, the company's total funding now stands at $25 million.

What Ravical sells

Founded in 2025, Ravical has offices in Ghent and London. Its pitch to accounting practices is that the methods of a firm's most experienced staff can be captured in a shared system that AI then applies across every client file, rather than each accountant using AI tools in isolation. International Accounting Bulletin reports that the platform also gives firm leaders an overview of opportunities and risks across their client base.

The company says more than 100 accounting firms in Europe already use the product. That figure comes from Ravical and its investors and has not been independently verified, and neither report discloses revenue or the size of the team.

Who is behind it

Chief executive Joris Van Der Gucht previously co-founded Silverfin, a cloud accounting software company that, according to CFOtech, was sold for €320 million in 2023. He leads Ravical with chief technology officer Ken Bastiaensen and chief product officer Benjamin Vandermarliere. Van Der Gucht frames the opportunity as a question of control, arguing that AI adoption by firms is inevitable and the real issue is who controls it. MMC's general partner Mina Samaan, for her part, said the investor does not expect the winning firms to be those that replace their staff.

Expansion plans and context

The new capital is earmarked for growth. Ravical intends to reinforce its position in the UK, Belgium, the Netherlands and Germany, expand into further European markets and launch in the United States. Accounting has become a busy target for AI startups, as firms face staff shortages and pressure to handle more clients without growing headcount at the same pace.

The company also cites its own research claiming that 70% of small and medium-sized businesses in the UK now act on advice from AI without checking with their accountant. The methodology behind that figure was not published in the coverage, so it should be treated with caution. How Ravical will compete against established accounting software vendors adding their own AI features, especially in the US, remains an open question.