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- Octane® Secures $50 Million in Series E Funding to Expand Market Reach
Octane® Secures $50 Million in Series E Funding to Expand Market Reach
Slice of Finance Team
12 Aug
Key Highlights:
$50 million raised in Series E funding, bringing total equity to $242 million.
Funding round led by Valar Ventures with participation from Upper90.
New capital to expand Octane’s market presence and accelerate growth.
Octane has originated over $4 billion in loans since its founding in 2014.
Source (PR Newswire)
Notable Quote:
"We're honored to strengthen our relationship with Valar and Upper90 as we bring speed and ease to the financing experience. Octane's digital tools and broad credit coverage have propelled us to become a leader in our initial market of powersports and gain significant traction in adjacent markets, like RVs."
Our Take:
Octane’s latest Series E funding marks a significant milestone in the company’s trajectory, underscoring its strong market position and the confidence of its existing investors. With this new capital, Octane is well-positioned to deepen its influence in the powersports and RV markets while exploring new verticals. The company’s innovative approach to digital financing continues to disrupt traditional models, setting a new standard for seamless, technology-driven purchases in the recreational sector.