Total amount raised
$2.6 Billion
Latest funding date
11/01/2024
Location
Octane has successfully raised funding over 25 rounds, with the latest being a Series F round involving six investors, including Valar Ventures as the lead investor. The company offers instant financing solutions for powersports, outdoor equipment, and recreational purchases, emphasizing speed and ease of obtaining credit.
Keep reading to explore the intricacies of Octane's fundraising journey and the investors backing this innovative platform.
What Is Octane?
Octane is a fintech company based in New York, New York, specializing in providing instant financing solutions for powersports, outdoor equipment, and recreational purchases. The company operates in the credit, financial services, fintech, and lending industries.
Founded in New York, Octane has grown to employ between 501 and 1000 people. The company emphasizes a seamless and fast financing process, offering flexible terms and competitive rates to cater to various credit profiles.
How Much Funding Has Octane Raised?
- Series F
- Amount Raised: USD 50,000,000
- Date: December 2025
- Lead Investors: Valar Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding market reach and enhancing technological capabilities.
- Secondary Market
- Amount Raised: USD 50,000,000
- Date: December 2025
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders and support strategic initiatives.
- Debt Financing
- Amount Raised: USD 219,000,000
- Date: December 2025
- Lead Investors: Roadrunner Financial
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support loan origination and expand financial services.
- Debt Financing
- Amount Raised: USD 284,000,000
- Date: October 2025
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance liquidity and support business growth.
- Series Unknown
- Amount Raised: USD 81,678,506
- Date: September 2025
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund ongoing operations and strategic initiatives.
- Debt Financing
- Amount Raised: USD 300,000,000
- Date: August 2025
- Lead Investors: Moore Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support loan origination and expand financial services.
- Debt Financing
- Amount Raised: USD 700,000,000
- Date: April 2025
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance liquidity and support business growth.
- Debt Financing
- Amount Raised: USD 326,000,000
- Date: November 2024
- Lead Investors: Roadrunner Financial
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support loan origination and expand financial services.
- Series E
- Amount Raised: USD 50,000,000
- Date: August 2024
- Lead Investors: Valar Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance technological capabilities.
- Debt Financing
- Amount Raised: USD 365,000,000
- Date: July 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance liquidity and support business growth.
Total Amount Raised: USD 2,925,678,506. Current Valuation: Not publicly disclosed.
Key Investors
- Valar Ventures
- Details: Valar Ventures is a venture capital firm that led Octane's Series E and Series F funding rounds. The firm is known for its focus on early-stage investments in technology companies.
- Investment Focus Areas: Fintech, technology-driven companies, early-stage startups.
- Notable Investments: TransferWise (now Wise), N26, Xero.
- Upper90
- Details: Upper90 is a hybrid investment firm that participated in Octane's Series E funding round. The firm provides both equity and credit to high-growth companies.
- Investment Focus Areas: Technology, fintech, high-growth companies.
- Notable Investments: Thrasio, Clearbanc, Octane.
- Roadrunner Financial
- Details: Roadrunner Financial is an in-house lender for Octane, participating in multiple debt financing rounds. The firm specializes in providing financing solutions for powersports and outdoor equipment.
- Investment Focus Areas: Powersports, outdoor equipment, recreational purchases.
- Notable Investments: Not publicly disclosed.
- Moore Capital
- Details: Moore Capital is a global investment management firm that participated in Octane's debt financing round. The firm focuses on a wide range of investment strategies.
- Investment Focus Areas: Global markets, diverse investment strategies, high-growth opportunities.
- Notable Investments: Not publicly disclosed.
- Huntington National Bank
- Details: Huntington National Bank is a regional bank holding company involved in Octane's funding. The bank offers a wide range of financial services and products.
- Investment Focus Areas: Banking, financial services, lending.
- Notable Investments: Not publicly disclosed.
What's Next for Octane?
Octane stands at the cusp of significant opportunities, poised to expand into new markets and enhance its digital tools. The nearly $30 billion powersports market, along with adjacent sectors like RVs, tractors, trailers, and electric vehicles, offers substantial growth potential. With over 4,000 dealer partners and more than 30 OEM collaborations, Octane is well-positioned to leverage these opportunities.
Future fundraising appears promising, given the confidence shown by existing investors in recent rounds. Additional capital could fuel further market expansion and technological advancements, solidifying Octane's market presence. However, challenges such as competition in the fintech space, regulatory hurdles, and maintaining innovation will require strategic navigation to sustain growth and success.
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