Octane Overview
- Year Founded
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2014
- Status
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Private
- Employees
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500
- Latest Deal Type
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Series E
- Latest Deal Amount
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$110M
- Investors
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19
Octane General Information
Description
Developer of a financing platform intended to connect people with their passions by making lifestyle purchases. The company's platform and innovative risk strategies deliver a seamless, end-to-end buying experience that adds value throughout the customer journey; inspiring enthusiasts with its editorial brands, instantly prequalifying consumers for financing online with its suite of e-commerce tools, routing customers to partner dealerships for an easy closing experience, and supporting customers throughout their loan with award-winning loan servicing, enabling dealers to secure loans, insurance, and warranties on behalf of their customers.
Contact Information
Website
www.octane.coCorporate Office
- 116 West 32nd Street
- 9th Floor
- New York, NY 10001
- United States
Corporate Office
- 116 West 32nd Street
- 9th Floor
- New York, NY 10001
- United States
Octane Timeline
Octane Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 15. Later Stage VC (Series E) | 11-Mar-2024 | $110M | Completed | Generating Revenue | ||
| 14. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 13. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 12. Later Stage VC (Series D) | 05-Aug-2021 | Completed | Generating Revenue | |||
| 11. Later Stage VC (Series C) | 15-Oct-2019 | Completed | Generating Revenue | |||
| 10. Debt - General | 25-Jun-2019 | Completed | Generating Revenue | |||
| 9. Later Stage VC (Series B3) | 24-Jun-2019 | Completed | Generating Revenue | |||
| 8. Later Stage VC | 03-Apr-2019 | Completed | Generating Revenue | |||
| 7. Early Stage VC (Series B) | 29-May-2018 | $13.4M | $69M | Completed | Generating Revenue | |
| 6. Early Stage VC (Series A3) | 21-Dec-2017 | $15.1M | $55.5M | Completed | Generating Revenue |
Octane Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series E | ||||||||
| Series D | ||||||||
| Series C-II | ||||||||
| Series C | ||||||||
| Series B-III | ||||||||
| Series B-II | ||||||||
| Series B | ||||||||
| Series A-III | ||||||||
| Series A-II | 1,552,861 | $0.000100 | $3.13 | $3.13 | 1x | $3.13 | 4.49% | |
| Series A | 3,210,117 | $0.000100 | $2 | $2 | 1x | $2 | 9.28% |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
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Octane Comparisons
Industry
Financing
Details
Octane Competitors (10)
One of Octane’s 10 competitors is Lendbuzz, a Venture Capital-Backed company based in Boston, MA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Lendbuzz | Venture Capital-Backed | Boston, MA | ||||
| Carputty | Venture Capital-Backed | Atlanta, GA | ||||
| Wealthfront | Venture Capital-Backed | Palo Alto, CA | ||||
| Asaak | Venture Capital-Backed | Kampala, Uganda | ||||
| Vray | Accelerator/Incubator Backed | San Diego, CA |
Octane Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Octane Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Octane Investors (19)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Chaos Ventures (New York) | Venture Capital | Minority | ||
| Gaingels | Venture Capital | Minority | ||
| Progressive Investment Company | Corporation | Minority | ||
| Angel (individual) | Minority | |||
| Angel (individual) | Minority |
Octane Investments & Acquisitions (3)
Octane’s most recent deal was a Merger/Acquisition with The Lasso. The deal was made on 09-Jan-2025.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| The Lasso | 09-Jan-2025 | Merger/Acquisition | Business/Productivity Software | ||
| Botanisol Analytics | 19-May-2022 | Later Stage VC | Diagnostic Equipment | ||
| Source Interlink (Nine Motorcycle Magazine Brands) | 14-Sep-2020 | Corporate Asset Purchase | Buildings and Property |
Octane FAQs
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When was Octane founded?
Octane was founded in 2014.
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Where is Octane headquartered?
Octane is headquartered in New York, NY.
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What is the size of Octane?
Octane has 500 total employees.
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What industry is Octane in?
Octane’s primary industry is Financial Software.
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Is Octane a private or public company?
Octane is a Private company.
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What is the current valuation of Octane?
The current valuation of Octane is .
-
What is Octane’s current revenue?
The current revenue for Octane is .
-
How much funding has Octane raised over time?
Octane has raised $305M.
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Who are Octane’s investors?
Chaos Ventures (New York), Gaingels, Progressive Investment Company, , and are 5 of 19 investors who have invested in Octane.
-
Who are Octane’s competitors?
Lendbuzz, Carputty, Wealthfront, Asaak, and Vray are some of the 10 competitors of Octane.
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