# Reaction Engines

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/reaction-engines

- Industry: Aerospace
- Headquarters: Abingdon, UK
- Website: www.reactionengines.co.uk
- Total disclosed funding: $34M
- Latest round: Series B (Apr 24, 2018)
- Investors on record: 2

## About

Reaction Engines Limited specializes in advanced propulsion technology, focusing on developing innovative thermal management solutions to enhance aerospace and automotive industries.Founded in 1989 in Abingdon, UK, Reaction Engines Limited is dedicated to developing propulsion systems and related technologies. The company has raised a total of GBP 39.91 mn in funding, with its most recent deal occurring on September 21, 2022, led by the Strategic Development Fund. Alan Bond is the founder of the company, and the current CEO is Mark Thomas.Reaction Engines Limited is focused on thermal management technologies, specifically advanced propulsion systems, and sustainable technology solutions for aerospace applications. The company aims to improve performance and reliability in its offerings, catering to the evolving needs of the aerospace and automotive sectors.For the most recent year, 2022, Reaction Engines Limited reported a revenue of GBP 5,866,523.30 and an EBITDA of GBP -33,140,711.40.Following the GBP 39.91 mn funding round in September 2022, Reaction Engines Limited plans to utilize the investment to advance its thermal management technologies, emphasizing the development of new propulsion systems. Additionally, the company aims to expand its operations within the UK, targeting new market opportunities to support its growth strategy.

## Funding rounds

- Series B, Apr 24, 2018, $34M — BAE Systems, HorizonX Ventures

## Investors

- BAE Systems — Series B
- HorizonX Ventures (https://capitalatlas.ai/funds/horizonx-ventures) — Series B