Funding round
Octane Series F
Octane, which works in powersports vehicle financing services in New York, raised $100M in a Series F round announced on 15 Dec 2025, led by Valar Ventures, at a $1.30B post-money valuation. 6 firms took part, 6 of them already investors. It is Octane's seventh venture round on record; the one before was a Series E in Aug 2024.
$100M
Amount raised
$1.30B
Post-money valuation
$1.20B pre-money
6
Investors
1 lead
1.2x
Step-up from the Series E
$1.10B in Aug 2024
7.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Octane at $1.30B after the new money, 1.2 times the $1.10B of its Series E (Aug 2024). The $100M bought investors about 7.7% of the company. It came 16 months after Octane's Series E. It is 31% of the $321M Octane has raised in the venture rounds on record. No later venture round is on record for Octane.
Octane's funding rounds
Octane has 7 venture rounds on record and 8 other deals. This one is highlighted.
- Seed 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 this round 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
Investors
Who put money in
Valar Ventures led the round with 5 other firms. Valar Ventures, Upper90, Huntington Bank and Camping World and 2 more had backed Octane before.
Lead investor
- Valar Ventures backs 56 venture-backed companies existing investor
Also in the round
- backs 23 venture-backed companies existing investor
- Huntington Bank existing investor
- Camping World existing investor
- Good Sam existing investor
- Holler-Classic existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Loans & Financing, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 9 Dec 2025 | $35M | not disclosed | International Finance Corporation |
| Loans & Financing | 11 Dec 2024 | $118M | not disclosed | Multiples |
| Perplexity Tech Companies | 1 Dec 2025 | $500M | $20.00B | not named |
| Harvey Tech Companies | 4 Dec 2025 | $160M | $8.00B | Andreessen Horowitz |
| Batteries | 4 Dec 2025 | $30M | not disclosed | Climate Investment |
| Cyera Tech Companies | 8 Jan 2026 | $400M | $9.00B | Blackstone |
| Orca Bio Pharmaceutical Products | 1 Jan 2026 | $250M | not disclosed | Lightspeed Venture Partners |
| Claroty Tech Companies | 22 Jan 2026 | $150M | $3.00B | Golub Growth |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Octane raise in its Series F round?
Octane raised $100M in its Series F round, announced in Dec 2025.
Who led Octane's Series F round?
Valar Ventures led it, with Upper90, Huntington Bank, Camping World, Good Sam and Holler-Classic.
What was Octane's valuation at the Series F round?
$1.30B post-money ($1.20B pre-money).