Octane

company

About

Octane offers access to instant financing to fuel their customers lifestyle.

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$375M
Industries
Credit,Financial Services,FinTech,Lending,Lifestyle
Founded date
Jan 1, 2014
Number Of Employee
501 - 1000
Operating Status
Active
Legal Name
Octane Lending, Inc.
Also Known As
Octane Lending

Octane simplifies the transaction process for large recreational purchases such as motorcycles, ATVs, and riding lawn mowers with automated underwriting, innovative credit products, and financing, through our in-house lender, Roadrunner Financial. Octane reaches millions of enthusiasts through editorial brands like Cycle World and UTV Driver and helps consumers buy their favorite products by prequalifying them on dealer and OEM websites. Octane is revolutionizing lending in under-served verticals that account for tens of billions of dollars in annual transactions.

Octane is a remote-first workplace. It has grown its team by 50% in the last year, from 213 to 336 employees, and continues to actively recruit top talent. To learn more about career opportunities and view openings, please visit the careers page on www.octane.co.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
13
$776.01M
Octane has raised a total of $776.01M in funding over 2 rounds. Their latest funding was raised on Aug 18, 2022 from a Debt Financing round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 18, 2022 Debt Financing $375M Detail
Aug 5, 2021 Series D $52M 9 Progressive Insurance Detail
Nov 4, 2019 Series C $70.26M 2 Valar Ventures Detail
Mar 22, 2019 Debt Financing $50M Detail
Oct 18, 2018 Debt Financing $20M Detail

Investors

Number of Lead Investors
Number of Investors
5
15
Octane is funded by 15 investors. Progressive Insurance and Berenson & Company are the most recent investors.
Investor Name Lead Investor Funding Round
Progressive Insurance Yes Series D
Berenson & Company Yes Series A
IA Ventures Yes Series A
Alive Capital Partners Series D
Citi Ventures Series D
Contour Venture Partners Series D
Gaingels Series D
Parkwood Series D
Third Prime Series D
Upper90 Series D

Employee Profiles

Number of Employee Profiles
18
Octane has 18 current employee profiles, including Board member Mark Davidson
Board member
Advisor
Employee
Employee