Funding round
Octane Seed
Octane, which works in powersports vehicle financing services in New York, raised $1.5M in a Seed round announced on 1 Jan 2014. It is Octane's first venture round on record.
$1.5M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Octane did not disclose a valuation in this round. It is Octane's first venture round on record, in the year it was founded (2014). It is under 1% of the $321M Octane has raised in the venture rounds on record. Octane raised again 31 months later: a Series A round of $6.3M in Aug 2016. Its next priced round, a Series C in Nov 2019, valued it at $400M.
Octane's funding rounds
Octane has 7 venture rounds on record and 8 other deals. This one is highlighted.
- Seed this round 1 Jan 2014 $1.5M
- Series A 3 Aug 2016, led by IA Ventures and Berenson & Company $6.3M
- Series B 1 Jan 2018, led by Valar Ventures $41M
- Series C 1 Nov 2019, led by Valar Ventures $70M$400M post-money
- Series D 5 Aug 2021, led by Progressive Investment Company, Inc. and Valar Ventures $52M$900M post-money
- Debt not a venture round 10 Nov 2021, led by J.P. Morgan $340M
- Series E 6 Aug 2024, led by Valar Ventures $50M$1.10B post-money
- Debt not a venture round 6 May 2025 $200M
- Debt not a venture round 1 Oct 2025 $284M
- Debt not a venture round 2 Dec 2025 $219M
- Series F 15 Dec 2025, led by Valar Ventures $100M$1.30B post-money
- Debt not a venture round 20 May 2026, led by Nuveen $350M
- Debt not a venture round 15 Jul 2026 $750M
- Debt not a venture round 6 Aug 2026 $337M
- Debt not a venture round 6 Oct 2026, led by New York Life Investment Management and MetLife Investment Management $1.40B
Comparable rounds
How it compares
The closest in time, other companies' Seed rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Creditas Loans & Financing | 1 Oct 2013 | $1.4M | not disclosed | not named |
| Tala Loans & Financing | 29 Aug 2013 | $1.2M | not disclosed | not named |
| Loans & Financing | 1 Jun 2014 | undisclosed | not disclosed | not named |
| Loans & Financing | 7 May 2013 | undisclosed | not disclosed | Accion |
| LoanBase Loans & Financing | 19 Oct 2014 | $256K | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Octane raise in its Seed round?
Octane raised $1.5M in its Seed round, announced in Jan 2014.
What was Octane's valuation at the Seed round?
It was not disclosed.
Did Octane raise again after this round?
Yes: a Series A round in Aug 2016 of $6.3M.