Ravical raises $17M seed for AI that runs across whole accounting firms

Ravical, a Belgian AI platform for accounting and tax firms founded in 2025, has raised a $17 million seed round led by MMC Ventures to build out its product and team and to grow in the UK, Belgium, the Netherlands and Germany, then more of Europe and the US.

Ravical’s pitch is that accounting firms can grow without adding staff at the same rate, by turning the judgment of their most experienced people into processes the whole firm uses. The round, the team and the market numbers follow.

MMC Ventures leads $17M seed in Belgian accounting AI platform Ravical

Ravical announced a $17 million seed round on 29 October 2026, about €15.3 million at that day’s rate (1 USD = 0.8979 EUR, xe.com). UK investor MMC Ventures led the round. Existing investors Lakestar and Pitchdrive came back in, and Shapers joined as a new investor, Tech.eu reported.

The round brings Ravical’s total funding to $25 million, according to Tech.eu. It follows a €7.3 million pre-seed in May 2025 led by Lakestar with Belgian angel investors, as reported by Dataconomy and Belga News Agency.

The company says the money goes to product development, team expansion and growth in the UK, Belgium, the Netherlands and Germany. More European markets and a US launch come after that, per Tech.eu.

A Silverfin co-founder behind the new company

Joris Van Der Gucht, Ravical’s co-founder and CEO, has built a company for accountants before. He co-founded Silverfin, the cloud platform for accountants later acquired by Visma, The Next Web reported. He runs Ravical with Ken Bastiaensen as CTO and Benjamin Vandermarliere as CPO.

The product captures how a firm’s most experienced staff judge and advise, then turns that judgment into standard processes applied across every client. Managers see risks and opportunities across the whole client base from one place. Ravical says more than 100 accounting firms in Europe already use 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.”

A 38.4 percent growth rate with no published market size

KBV Research (August 2025) does not publish a total for Europe’s AI in accounting market on its public page, but puts the market on a 38.4 percent compound annual growth rate over 2025-2032. It gives Germany 19.2 percent of the European market and the UK 17.4 percent in 2024. Both countries are among Ravical’s four launch markets.

Scale for the amount comes from recent European seeds in AI tools. Lette raised a $6.5 million seed, Querio a $5 million seed, and Fronted a €1.7 million seed. More European rounds are tracked in the Sesamers fundraising data.

What MMC Ventures is betting on

Mina Samaan, general partner at MMC Ventures, said: “Accounting hasn’t had its Harvey or Legora moment yet.” She told TNW that most AI startups in accounting build point solutions for one task, while Ravical aims to work across the whole firm. What we are seeing is a lead investor backing the firm-wide platform over the single-task tool.

Demand is the other side of the case. Ravical’s own survey found that 70 percent of UK SMEs act on AI-generated advice without consulting their accountant, per Tech.eu. It is a company survey and carries the company’s interest.

The round also shows how the cap table is built: a Belgian team led by a Silverfin co-founder, a British lead investor, and Lakestar, which led the pre-seed, investing again.

What the next 100 firms will show

The open question is whether a product built on one firm’s way of judging travels across four tax systems and several languages, and whether firm-wide adoption holds as the customer count grows past 100.

The measure of this round will be whether firms using Ravical grow their client lists faster than their headcount.