Tech Company Financing Transactions
Octane Lending Funding Round
Octane Lending, based in New York, scored $52 million in investment from Progressive Investment Company, ALIVE Israel HealthTech Fund and Citi Ventures.
Transaction Overview
Company Name
Announced On
8/6/2021
Transaction Type
Venture Equity
Amount
$52,000,000
Round
Series D
Investors
Proceeds Purpose
The company intends to use the funds to scale its buying solution for consumers shopping for powersports vehicles online, grow its family of 3,800 dealership partners and 40 OEM and brand partners--which include BRP, Suzuki, and Triumph Motorcycles--and expand to adjacent markets.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
116 W 32nd St.
New York, NY 10001
USA
New York, NY 10001
USA
Phone
Website
Email Address
Not Recorded
Overview
Octane Lending was founded in 2013 to solve many of the pain points associated with the indirect consumer powersports F&I process. Our platform solves three major pains points we found from interviewing dealers: rekeying of loan application information, multiple hard credit pulls for the consumer, and limited viable subprime lenders.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jason Guss
Chief Financial Officer
Steven Fernald
Chief Technical Officer
Murali Vajjiravel
VP - Bus. Development
Maria Aveledo
VP - General Counsel
Sean Fernandez-Ledon
VP - Product Management
Michael Dushane
VP - Sales
Mark Davidson
VP - Sales
Ray Duggins
Browse more venture capital transactions:
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Where The Data Comes From
We do our best to document all VC transactions involving tech companies. VC investment data records reported here come from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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