Octane has closed its Series F funding round of $100 million in equity capital. The raise includes new equity capital to be used for growth initiatives, and amounts to be used for secondary share transfers. Valar Ventures led the round with participation from Upper90, Huntington Bank, Camping World and Good Sam, Holler-Classic, and others. Prior to the Series F, Octane had raised $242 million in total equity funding since its inception, including its Series E, which closed in 2024.
“Building on our strong foundation, this capital allows us to move more quickly on key initiatives that will further differentiate us in existing markets and speed up our entrance into new ones,” said Jason Guss, CEO and co-founder of Octane. “We’re grateful to our existing investors for their continued support and belief in our vision, as well as to new investors for their partnership. We look forward to strengthening these relationships as we expand our offerings and unlock the full potential of financial products for merchants and consumers.”
“One of the investing lessons of the past two decades is that the best tech companies can compound for far longer than expected,” said James Fitzgerald, founding partner of Valar Ventures. “Octane’s unique offering supports dealers and OEMs with software and financing solutions unavailable elsewhere. We expect Octane to continue to take market share — both in its existing markets and in those it’s only begun to enter — for a very long time. We are excited to continue backing this team and to partner with them for another decade, or longer.”
“It’s been impressive to watch Octane’s execution in becoming a clear leader in the powersports market,” said Billy Libby, managing partner at Upper90. “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. Few public or private companies are growing as rapidly — and profitably — as Octane, and we’re excited to be part of their continued growth.”
Since its founding in 2014, Octane has originated over $7 billion in loans through its in-house lender Roadrunner Financial, 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 Q3 2024 to Q3 2025 and is GAAP net income profitable. Octane works with 60 original equipment manufacturer (OEM) partner brands and serves markets worth a combined $150 billion.