Reactive Technologies, a UK and Finland-based company in grid stability measurements, has announced the raising of a £25 million ($31.4 million) Series D funding round. The investment was led by M&G’s Catalyst. It will support Reactive’s global expansion and recruitment initiatives.
About Reactive Technologies
- Reactive Technologies is a grid resilience technology company helping grid operators, electric utilities, and regulators transition to Net Zero and ensure resilient, renewable grids. Reactive claims its products, including the first-of-its-kind GridMetrix technology, bring transparency to grid operations by measuring grid inertia and other functions with 95% accuracy, a vast improvement over the projections and estimates they are replacing.
production facilities of Reactive Technologies
- The startup is backed by several global sustainability and tech venture and management companies, including M&G, BGF, Breakthrough Energy Ventures, Eaton, Toshiba, and Accenture Ventures. Reactive Technologies is a 2022 Bloomberg New Energy Finance Pioneers winner.
Investment details
This investment from M&G along with our existing investors, BGF and BEV , marks another significant milestone for Reactive Technologies. As we deliver more projects to support the global transition to Net Zero, this backing will empower us to deliver at scale, expand our commercial presence internationally, innovate further, and make a real contribution to a clean energy future,
Marc Borrett, Reactive Technologies’ CEO, stated.
- The fresh funding was led by M&G’s investment from Catalyst, a £5 billion purpose-led private assets. The UK and Ireland growth capital investor BGF and Breakthrough Energy Ventures also participated in the deal as the existing investors. EKTA Partners acted as the financial advisor to Reactive Technologies on this transaction.
The current funding will support Reactive’s global expansion initiatives and key hiring endeavors, as well as advancing the realization of its projects.
