Octane (Octane Lending, Inc.) has closed its latest funding round of $100 million in equity capital.
The company said the funds include new equity capital for growth initiatives and secondary share transfers.
Octane said the capital enables the company to accelerate market penetration and deepen its product offering.
The company said its Series F funding round attracted returning and new investors. Valar Ventures led the round with participation from Upper90, Huntington Bank, Camping World and Good Sam, Holler-Classic and others. Before the Series F found, Octane had raised $242 million in total equity funding since its inception.
Octane founder and CEO Jason Guss said the new capital will help the company move more quickly on new initiatives.
“We are grateful to our existing investors for their continued support and belief in our vision, as well as to new investors for their partnership,” Guss said. “We look forward to strengthening these relationships as we expand our offerings and unlock the full potential of financial products for merchants and consumers.”
Valar Ventures Founding Partner James Fitzgerald said the best tech companies can compound for far longer than expected.
“Octane’s unique offering supports dealers and OEMs with software and financing solutions unavailable elsewhere,” Fitzgerald said. “We expect Octane to continue to take market share, both in its existing markets and in those it has only begun to enter, for a very long time.”
Upper90 Managing Partner Billy Libby said Octane’s rise in the powersports market has been impressive to watch.
“Now the company is scaling its proprietary underwriting engine and end-to-end technology platform as it expands into new markets and helps dealers grow their profits and deliver better financing experiences to consumers,” Libby said. “Few public or private companies are growing as rapidly, and profitably, as Octane.”
Octane said it has launched a myriad of 2025 new products and technology enhancements, including updates for merchants and consumers.
The company said it strengthened its financing portal to provide even faster, easier customer acquisition and closing processes for merchants.
Since its founding in 2014, Octane said it has originated over $7 billion in loans through its in-house lender, Roadrunner Financial, Inc., issued more than $4.7 billion in asset-backed securities, and has sold or committed to sell $3.3 billion of secured consumer loans since December 2023.
The company said it grew originations by more than 30% from 2024’s third quarter to 2025’s third quarter.
