Octane Lending raised $50 million in a Series E funding round led by Valar Ventures to expand into new markets.

Aug 08, 2024•over 1 year ago

Amount Raised

$50 Million

Round Type

series e

New YorkSoftware

Investors

Upper90Valar Ventures

Description

Octane Lending has closed on $50 million in a Series E funding round led by Peter Thiel’s Valar Ventures. This new funding will help Octane build on its momentum and expand into new markets as it connects more people with their passions.

Company Information

Company

Octane

Location

New York, New York, United States

About

Octane® is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience. We connect people with their passions by combining cutting-edge technology and innovative risk strategies to make lifestyle purchases - like powersports vehicles, RVs, and outdoor power equipment - fast, easy, and accessible.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends