Ravical raises $17 million for AI accounting platform

Ravical, a Ghent-based startup developing AI technology for accounting and tax firms, has raised $17 million in seed funding. The investment round was led by MMC Ventures, with participation from Lakestar, Pitchdrive, and Shapers, bringing the company's total funding to $25 million.

Founded by Joris Van Der Gucht, Ken Bastiaensen, and Benjamin Vandermarliere, Ravical provides an AI-powered platform designed to standardize workflows by converting the expertise of individual professionals into shared organizational processes. The technology aims to help firms scale their operations and improve service delivery without being strictly limited by recruitment and retention challenges.

The company intends to use the capital to support product development and international expansion. Ravical currently serves over one hundred accounting firms in Europe and plans to strengthen its presence in the United Kingdom, Belgium, the Netherlands, and Germany, with future goals of entering the United States.