Ravical raises $17 million to help accounting firms grow without hiring at the same pace

Ravical, an AI platform for accounting and tax firms, has raised a $17 million seed round led by MMC Ventures. According to the company's announcement of 29 October, existing investors Lakestar and Pitchdrive took part, along with new investor Shapers.

More than 100 accounting firms across Europe already build on Ravical. City AM reports the round at £12.75 million and says it brings the company's total funding to $25 million in its first year.

The problem Ravical wants to solve

Accounting firms have traditionally grown by hiring more people and selling what those people know. The company argues that this model is under pressure: demand for accounting and advisory work keeps rising, fewer graduates are entering the profession, and experienced staff are harder to find.

At the same time, AI can now handle much of the work that once needed a person, and expert knowledge is only a search away for clients. Ravical cites its own research, which found that 70% of UK SMEs act on AI advice without consulting their accountant.

Its answer is to capture how a firm's best people judge, advise and deliver, and turn that into shared workflows and AI agents that run across the whole client base. Firm leaders can then see opportunities and risks across all clients, the company says.

The founders

Ravical was founded in 2025 by Joris Van Der Gucht (CEO), Ken Bastiaensen (CTO) and Benjamin Vandermarliere (CPO). Van Der Gucht previously co-founded Silverfin, the cloud platform used by more than 1,000 accounting firms in 18 countries. Dealroom describes the company as Belgian, while the funding announcement was issued from London.

"Every firm will use AI, so the real question is who controls it," Van Der Gucht said. "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."

Why MMC is backing it

"Accounting hasn't yet seen the same transformative moment that legal tech has, with firms like Harvey and Legora demonstrating what's possible," said Mina Samaan, General Partner at MMC Ventures. He said most AI startups in the space build point solutions for a single task, and that the winners will be the firms that make their best people count across every client.

City AM reports that Ravical targets mid-tier firms and private equity-backed consolidators, which have been buying up accounting practices. Van Der Gucht told the paper that for these groups Ravical acts as the layer that ties acquired firms together and standardises their processes.

Customers and expansion

The announcement includes comments from customers in the UK, the Netherlands and Belgium. Chris Reeve, owner of the UK firm Gascoynes, said its tax planning fees are up 49% year on year, almost all from existing clients, because its own team can now handle work that used to go to specialists.

Ravical will use the money to strengthen its position in the UK, Belgium, the Netherlands and Germany, continue its rollout across the rest of Europe and enter the US. Tech.eu also reported the round.

What it means for European founders and investors

Ravical is another sign that vertical AI for professional services is one of Europe's strongest themes. Investors are now asking which profession follows legal tech, where Swedish Legora's $550 million Series E showed how big the category can get. Accounting, with its staff shortages and wave of private equity consolidation, is a natural candidate.

For founders, the pitch is worth studying: Ravical does not sell headcount reduction but growth from existing clients, which suits buyers who worry about their people. For more AI and finance deals, see Cognitive Credit's $40 million round, Duvo's Series A and our AI and tech section.

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