# Reaction Engines funding: rounds and investors

> Reaction Engines has raised $93M across 5 rounds since 2018. Investors include Baillie Gifford, Boeing HorizonX and Rolls-Royce. Every round with its source.

Source: https://millionrounds.com/company/reaction-engines (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Reaction Engines*

5 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Aerospace & Space

Funding summary Updated 26 Oct 2026

**$93M** raised across 5 rounds since 2018, from 5 sources

**$38M** Round **$5.4M** Round **$45M** Round **$4.8M** Round **$148K** Round

- **Latest round:** Round, $148K May 2023
- **Biggest round:** $45M Round · Sept 2022
- **Investors:** 5

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2018 2019 2020 2021 2022 2023

**$38M** Round

**$5.4M** Round

**$45M** Round

**$4.8M** Round

**$148K** Round

- **First round:** Round, $38M
- **Biggest round:** $45M
- **Usual gap between rounds:** 9 months

## The rounds

- **May 2023** Round **$148K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Feb 2023** Round **$4.8M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Sept 2022** Round **$45M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Dec 2021** Round **$5.4M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Apr 2018** Round **$38M** *5 new* [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) [Boeing HorizonX](https://millionrounds.com/fund/boeing-horizonx) [Rolls-Royce](https://millionrounds.com/fund/rolls-royce) BAE Systems Woodford Reported by FinSMEs

## Funding filed with regulators

Reaction Engines filed 6 raises, $56M in all. Filings say how much was sold and to how many investors; they never name the investors.

- May 2023 **$148K** UK share allotment
- Feb 2023 **$4.8M** UK share allotment
- Nov 2022 **$1.4M** UK share allotment
- Oct 2022 **$4.1M** UK share allotment
- Sept 2022 **$40M** UK share allotment
- Dec 2021 **$5.4M** UK share allotment

## 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.

**Round** 2018 **Round** 2021 **Round** 2022 **Round** 2023 **Round** 2023 [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) [Boeing HorizonX](https://millionrounds.com/fund/boeing-horizonx) [Rolls-Royce](https://millionrounds.com/fund/rolls-royce) BAE Systems Woodford

## Everyone who backed them

[Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) Asset manager **1** round

[Boeing HorizonX](https://millionrounds.com/fund/boeing-horizonx) Investment firm **1** round

[Rolls-Royce](https://millionrounds.com/fund/rolls-royce) Corporate VC **1** round

BAE Systems no record of our own yet **1** round

Woodford no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=reaction-engines).

## Quick answers about Reaction Engines

### Who invested in Reaction Engines?

Reaction Engines's investors include Baillie Gifford, Boeing HorizonX, Rolls-Royce, BAE Systems and Woodford.

### How much has Reaction Engines raised?

Reaction Engines has raised $93M across 5 rounds since 2018.

### When did Reaction Engines last raise?

Reaction Engines's most recent round, $148K, was in May 2023.

### What was Reaction Engines's biggest round?

Reaction Engines's largest round on record is $45M, in Sept 2022.

### Who backed Reaction Engines first?

Reaction Engines's first round on record, in Apr 2018, was backed by Baillie Gifford, Boeing HorizonX and Rolls-Royce and 2 others.

### What stage is Reaction Engines at?

Reaction Engines's latest named round is an Undisclosed round, in Apr 2018.

### Where is Reaction Engines based?

Reaction Engines is based in the United Kingdom.

## Companies like Reaction Engines

In the same sector, and raised in the last eighteen months.

[**Foundational** $19M · Oct 2026](https://millionrounds.com/company/foundational)[**Open Cosmos** $403M · Sept 2026](https://millionrounds.com/company/open-cosmos)[**Productive Machines** $5.9M · Sept 2026](https://millionrounds.com/company/productive-machines)[**Cambridge Aerospace** $400M · Aug 2026](https://millionrounds.com/company/cambridge-aerospace)[**Archangel Lightworks** $17M · Aug 2026](https://millionrounds.com/company/archangel-lightworks)[**Holdson** $2.8M · Jul 2026](https://millionrounds.com/company/holdson)

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