Octane Announces $50M Series E Led by Valar Ventures

Gunderson Dettmer represented client Octane, a fintech revolutionizing the buying experience for major recreational purchases, in its $50 million Series E financing led by Valar Ventures. Octane connects people with their passions by combining cutting-edge technology and innovative risk strategies to make lifestyle purchases–like powersports vehicles, RVs, and outdoor power equipment–fast, easy and accessible.

The new capital will be used to fuel Octane's expansion into new markets, supercharge its growth in existing markets and position the company even more favorably for long-term success.

In the announcement of the transaction, Octane CEO and Co-founder Jason Guss said, "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. This new funding will help us build on this momentum and expand into new markets as we connect even more people with their passions."

The Gunderson Dettmer deal team was led by Hozefa Botee and included Valerie Wood and Lloyd Lee.

Companies
Octane
Valar Ventures