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Ravical raises $17M to bring shared AI to accounting firms
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Ravical raises $17M to bring shared AI to accounting firms

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Ravical co-founders, from left: Benjamin Vandermarliere, Joris Van Der Gucht and Ken Bastiaensen

Belgian startup Ravical , which builds AI software for accounting and tax firms, has raised $17M in a seed round led by MMC Ventures. Existing backers Lakestar and Pitchdrive also invested, along with new investor Shapers.

More than 100 accounting firms in Europe now use the platform, the company said. Ravical plans to use the new money to grow in its main markets of Belgium, Germany, the Netherlands and the UK. It will also expand across Europe and launch in the US.

The idea behind the product is that a firm’s know-how should not depend on a few people.…

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