Octane (Octane Lending), a fintech focused on digitizing the purchasing and financing experience for recreational and specialty vehicle categories, has closed a $100 million Series F equity financing. The company said the round includes primary capital to support growth initiatives, as well as proceeds from secondary share transfers, and follows Octane’s continued originations growth as it looks to deepen its product offering and expand into additional markets.
Valar Ventures led the Series F, with participation from Upper90, Huntington Bank, Camping World, Good Sam, Holler-Classic, and other investors. Octane said it has raised $242 million in total equity funding since inception, including a Series E that closed in 2024. The company also highlighted 2025 product and technology enhancements aimed at improving dealer customer acquisition and closing workflows, while adding more streamlined payment options, faster issue resolution, and additional flexibility for borrowers through its customer portal.
Founded in 2014, Octane said it has originated more than $7 billion in loans through its in-house lender Roadrunner Financial, issued more than $4.7 billion in asset-backed securities, and sold or committed to sell $3.3 billion of secured consumer loans since December 2023. The company reported originations growth of more than 30% from Q3 2024 to Q3 2025 and said it is profitable on a GAAP net income basis. Octane works with 60 OEM partner brands and serves segments it estimates at a combined $150 billion market opportunity, including powersports vehicles, RVs, boats, personal watercraft, and outdoor power equipment.
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“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.”
Jason Guss, CEO and Co-Founder, Octane
“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.”
James Fitzgerald, Founding Partner, Valar Ventures
“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.”
Billy Libby, Managing Partner, Upper90
