Octane Lending is a financial services technology company that specializes in streamlining the buying experience for consumers making major recreational purchases. Octane Lending was founded in 2014 and is headquartered in New York, NY. Through the Octane platform, buyers can receive real-time updates on their application status and secure funding for purchases such as powersport vehicles, RVs, and outdoor power equipment efficiently and quickly.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
03/19/2024 | Series E | $110MM | $xx.xx | $1.11B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,428,295
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
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08/05/2021 | Series D | $52.26MM | $xx.xx | $939.1MM | Progressive Investment Company, Valar Ventures, Upper90, Contour Venture Partners, Citi Ventures, Third Prime, Parkwood, Gaingels, ALIVE | |
Price per Share
$xx.xx
Shares Outstanding
1,628,740
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Progressive Investment Company, Valar Ventures, Upper90, Contour Venture Partners, Citi Ventures, Third Prime, Parkwood, Gaingels, ALIVE
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11/04/2019 | Series C-II | $37.5MM | $xx.xx | $399.82MM | Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,579,814
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Valar Ventures
|
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11/04/2019 | Series C | $47.08MM | $xx.xx | $399.82MM | Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,238,670
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Valar Ventures
|
||||||
05/14/2018 | Series B-III | $20MM | $xx.xx | $190.47MM | Citi Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,015,449
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Citi Ventures
|
||||||
05/14/2018 | Series B-II | $7.22MM | $xx.xx | $190.47MM | Citi Ventures | |
Price per Share
$xx.xx
Shares Outstanding
874,981
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Citi Ventures
|
||||||
05/14/2018 | Series B | $13.45MM | $xx.xx | $190.47MM | Citi Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,938,906
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Citi Ventures
|
||||||
08/03/2016 | Series A-III | $15.08MM | $xx.xx | $77.8MM | Berenson Capital Partners, IA Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,779,270
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Berenson Capital Partners, IA Ventures
|
||||||
08/03/2016 | Series A-II | $4.86MM | $xx.xx | $77.8MM | Berenson Capital Partners, IA Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,552,861
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Berenson Capital Partners, IA Ventures
|
||||||
08/03/2016 | Series A | $6.43MM | $xx.xx | $77.8MM | Berenson Capital Partners, IA Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,210,117
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Berenson Capital Partners, IA Ventures
|
||||||
06/30/2014 | Series Seed-II | $457,911 | $xx.xx | $10.66MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
509,889
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
06/30/2014 | Series Seed | $497,644 | $xx.xx | $10.66MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
554,132
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|