Octane launches Series F funding round with $100m raise

December 15, 2025

Octane, a US-based FinTech specialising in digital lending and point-of-sale finance for recreational purchases, has closed a $100m Series F equity funding round as it looks to accelerate growth, expand into new markets and enhance its technology-led product suite.

The new capital raise was completed to build on Octane’s strong origination momentum and to support continued investment in innovation, market penetration and product development. The Series F round also includes funding allocated for secondary share transfers.

The Series F round was led by Valar Ventures, with participation from Upper90, Huntington Bank, Camping World and Good Sam, Holler-Classic and other investors. Prior to this round, Octane had raised $242m in total equity funding, including a Series E completed in 2024.

Founded in 2014, Octane operates at the intersection of lending technology and digital commerce, delivering an end-to-end financing experience for both merchants and consumers.

Octane’s platform supports dealers and original equipment manufacturers by combining software, data and underwriting capabilities with consumer lending.

The company’s product offering allows consumers to prequalify instantly online, select flexible payment options and complete purchases seamlessly through participating dealerships.

As part of its ongoing product development, Octane has rolled out a series of enhancements in 2025 aimed at both merchants and customers. These include upgrades to its financing portal to simplify closing processes, faster issue resolution within its customer portal and improved flexibility in payment management.

Since inception, Octane has originated more than $7bn in loans, issued over $4.7bn in asset-backed securities and sold or committed to sell $3.3bn of secured consumer loans since December 2023.

Octane CEO and co-founder Jason Guss said, “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.

“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.”

Valar Ventures founding partner James Fitzgerald said, “One of the investing lessons of the past two decades is that the best tech companies can compound for far longer than expected.

“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.”