Ravical, a Belgian AI platform for accounting firms, has raised a $17 million seed round led by MMC Ventures, with participation from Lakestar, Pitchdrive and Shapers, the company announced October 29, 2026. The financing lifts its cumulative funding to $25 million, according to the company, which says it wants to break the link between an accounting firm's growth and the number of people it employs.
Who invested, and what is known about the price
The announcement, written by Gilles Callewaert, names MMC as the lead and Lakestar as a participant. Pitchdrive said the same day that it had made a follow-on investment, while Shapers came in as a new backer. Ravical did not disclose a valuation. Dealroom shows an enterprise-value range of $68 million to $102 million, though that is a database estimate and not the price of any disclosed transaction, so it deserves some caution.
The seed round follows a €7.3 million pre-seed announced May 21, 2025, led by Lakestar. In that announcement, Lakestar partner Enrico Mellis tied the bet to the founding team's earlier experience automating professional workflows.
What the product does, and what the company won't say
According to Pitchdrive, more than 100 accounting firms across Europe use Ravical, and the company employs 30 people in Ghent and London. The International Accounting Bulletin, which covered the round October 30, confirmed those two offices.
Ravical's website describes its target customer as the full-service firm: tax, accounting, legal, payroll, audit and business advisory all under one roof. It lists integrations with Microsoft 365, QuickBooks/Intuit, Silverfin, Xero and CCH. Pricing, the company says, is aligned to value or outcomes, such as advisory opportunities identified and services delivered. No public price list turned up.
Revenue, annual recurring revenue and retention figures were not disclosed. For a company asking firms to pay on outcomes, that absence is worth noting.
