United Kingdom · 
Who invested in RAD Propulsion?
RAD Propulsion's investors include The FSE Group and Mercia Asset Management.
20222023202420252026
$1.8MRound$368KRound$1.6MRound$3.6MRound$5.5MVenture$272KRound$3.9MRound$5.9MVenture
United Kingdom · Venture startup
Who invested in RAD Propulsion
Funding summaryUpdated 26 Oct 2026
$23Mraised across 8 rounds since 2021, from 8 sources
$1.8MRound$368KRound$1.6MRound$3.6MRound$5.5MVenture$272KRound$3.9MRound$5.9MVenture
- Latest round
- Venture, $5.9MJul 2026
- Step-upi
- 1.5×
- Investors
- 2
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Round, $1.8M Nov 2021
- Biggest round
- $5.9M Venture · Jul 2026
- Usual gap between rounds
- 5 months the median of 7
The rounds
- Jul 2026
- Feb 2026Round$3.9M
No investor was named in the report.
Shares issued, filed with Companies House (SH01); no report of this raise yet
- Oct 2025Round$272K
No investor was named in the report.
Shares issued, filed with Companies House (SH01); no report of this raise yet
- Jun 2024
- Dec 2023Round$3.6M
No investor was named in the report.
Shares issued, filed with Companies House (SH01); no report of this raise yet
- Apr 2023Round$1.6M
No investor was named in the report.
Shares issued, filed with Companies House (SH01); no report of this raise yet
- Apr 2022Round$368K
No investor was named in the report.
Shares issued, filed with Companies House (SH01); no report of this raise yet
- Nov 2021Round$1.8M
No investor was named in the report.
Shares issued, filed with Companies House (SH01); no report of this raise yet
Funding filed with regulators
RAD Propulsion filed 11 raises, $12M in all. Filings say how much was sold and to how many investors; they never name the investors.
- Apr 2026$676KUK share allotment
- Mar 2026$345KUK share allotment
- Feb 2026$2.8MUK share allotment
- Oct 2025$272KUK share allotment
- Apr 2024$1.5MUK share allotment
- Apr 2024$293KUK share allotment
- Feb 2024$529KUK share allotment
- Dec 2023$1.3MUK share allotment
- Apr 2023$1.6MUK share allotment
- Apr 2022$368KUK share allotment
- Nov 2021$1.8MUK share allotment
Founders and team
From RAD Propulsion's own website: 2 founders, 6 on the team.
Dan HookCo-founder / CEO
Richard DaltryCo-founder / director
- Dave MartinChief operating officer
- Pete ByfordChief technology officer
- Sam PickeringHead of products
- Vicki RealffHead of marketing
- Chris ShepherdBusiness development director
- John DaltryProduct designer
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Round2021Round2022Round2023Round2023Venture2024Round2025Round2026Venture2026
The FSE Group
Mercia Asset Management
The FSE GroupMercia Asset ManagementEveryone who backed them
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
This firm lists RAD Propulsion as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.
Quick answers about RAD Propulsion
How much has RAD Propulsion raised?
RAD Propulsion has raised $23M across 8 rounds since 2021.
When did RAD Propulsion last raise?
RAD Propulsion's most recent round was a Venture of $5.9M in Jul 2026.
What was RAD Propulsion's biggest round?
Its most recent round, $5.9M in Jul 2026, is also its largest on record.
Who backed RAD Propulsion first?
RAD Propulsion's first round on record, in Jun 2024, was backed by The FSE Group.
What stage is RAD Propulsion at?
RAD Propulsion's latest named round is a Venture, in Jul 2026.
Where is RAD Propulsion based?
RAD Propulsion is based in the United Kingdom.
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