Artificial intelligence is reshaping how accounting and tax firms operate. Ravical, a startup building AI tools for this sector, has just closed a $17 million seed round to accelerate product development and push into new markets. The funding was led by MMC Ventures, with backing from returning investors Lakestar and Pitchdrive, plus newcomer Shapers. This brings Ravical's total capital raised to $25 million.

The company was founded in 2025 by Joris Van Der Gucht (CEO), Ken Bastiaensen (CTO) and Benjamin Vandermarliere (CPO). Its core mission centres on converting the tacit knowledge of senior professionals into standardised, shareable workflows that AI can then apply consistently across an entire firm's client roster. Rather than having individual accountants adopt their own separate tools, Ravical embeds expertise into organisational processes.

The accounting sector faces mounting pressures. Demand for accounting and advisory work continues to climb, yet firms struggle to recruit and retain qualified staff. Simultaneously, clients are increasingly comfortable relying on AI-generated financial guidance without consulting their accountants. Research by Ravical found that 70 per cent of UK small and medium-sized enterprises now act on AI-generated advice without consulting their accountants, forcing traditional firms to rethink how they demonstrate value.

Ravical's approach tackles this by enabling firms to deploy AI systematically across their operations rather than leaving adoption to individual initiative. The platform helps standardise how work gets done, improves service delivery to clients and uncovers fresh revenue opportunities within existing relationships.

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.

Joris Van Der Gucht, co-founder and CEO of Ravical

Over 100 accounting firms across Europe are already running Ravical's platform. The new capital will fund continued product refinement, hiring and expansion into the UK, Belgium, the Netherlands and Germany. The company also intends to enter additional European markets and the United States.

Source: Tech.eu