New York-based lendtech company Octane has raised $100 million in equity capital in a Series F funding round.
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The round was led by existing investor Valar Ventures, with participation from Upper90, Huntington Bank, Camping World and Good Sam, Holler-Classic, and other investors. Octane stated that the latest funding includes new equity capital for growth initiatives as well as amounts allocated for secondary share transfers.
Founded in 2014 by CEO Jason Guss and SVP of Product Andre Gregori, Octane has originated over $7 billion in loans through its in-house lender, Roadrunner Financial. The company provides financing solutions for recreational purchases, focusing on the powersports market and partnering with dealers of ATVs, UTVs, personal watercraft, and motorcycles.
Billy Libby, managing partner at Upper90, said Octane is scaling its proprietary underwriting engine and end-to-end technology platform as it expands into new markets.
This latest investment follows Octane’s $50 million Series E round in August 2024. With the Series F funding, the company has now raised a total of $342 million in equity capital since its founding.
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