The fintech Octane (Octane Lending, Inc.), announced it 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 as well as amounts to be used for secondary share transfers.
The capital builds on Octane’s strong originations growth and enables the company to further accelerate market penetration and deepen its product offering, positioning the company even more favorably for long-term success. The Series F raise attracted a mix of returning and new investors; 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 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.”
