Ravical raises $17m: Evertrace spotted Ken Bastiaensen 694 days earlier

Ravical has raised $17m in seed funding, led by MMC Ventures. The Ghent-based company builds an AI platform for accounting and tax firms.

Evertrace spotted Ken Bastiaensen, co-founder of Ravical, 694 days before the funding announcement.

Before the round

On 4 December 2024, Evertrace detected a stealth signal for Ken Bastiaensen. Ken was in stealth, working on something new. That was 694 days before Ravical's funding announcement.

Ken Bastiaensen founded Ravical with Joris Van Der Gucht and Benjamin Vandermarliere.

What they’re building

Accounting firms usually grow by hiring more people. Ravical turns the methods of a firm's experienced professionals into standard workflows, which AI then applies across all of the firm's clients.

The company says more than 100 European accounting firms already use the platform.

The round

MMC Ventures led the $17m seed round, with Lakestar, Pitchdrive and Shapers. Ravical will use the funding for product development and team growth, and to expand in the UK, Belgium, the Netherlands and Germany before other European markets and the US.

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