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
Transaction Type
Venture Equity
Series D
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
Mailing Address
116 W 32nd St.
New York, NY 10001
Email Address
Not Recorded
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.
Octane Lending LinkedIn Company Profile
Social Media
Octane Lending Company Twitter Account
Company News
Octane Lending News
Octane Lending on Facebook
Octane Lending on YouTube

Management Team

Email & Social
Chief Executive Officer
Jason Guss
  Jason Guss LinkedIn Profile  Jason Guss Twitter Account  Jason Guss News  Jason Guss on Facebook
Chief Financial Officer
Steven Fernald
  Steven Fernald LinkedIn Profile  Steven Fernald Twitter Account  Steven Fernald News  Steven Fernald on Facebook
Chief Technical Officer
Murali Vajjiravel
  Murali Vajjiravel LinkedIn Profile  Murali Vajjiravel Twitter Account  Murali Vajjiravel News  Murali Vajjiravel on Facebook
VP - Bus. Development
Maria Aveledo
  Maria Aveledo LinkedIn Profile  Maria Aveledo Twitter Account  Maria Aveledo News  Maria Aveledo on Facebook
VP - General Counsel
Sean Fernandez-Ledon
  Sean Fernandez-Ledon LinkedIn Profile  Sean Fernandez-Ledon Twitter Account  Sean Fernandez-Ledon News  Sean Fernandez-Ledon on Facebook
VP - Product Management
Michael Dushane
  Michael Dushane LinkedIn Profile  Michael Dushane Twitter Account  Michael Dushane News  Michael Dushane on Facebook
VP - Sales
Mark Davidson
  Mark Davidson LinkedIn Profile  Mark Davidson Twitter Account  Mark Davidson News  Mark Davidson on Facebook
VP - Sales
Ray Duggins
  Ray Duggins LinkedIn Profile  Ray Duggins Twitter Account  Ray Duggins News  Ray Duggins on Facebook



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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, an affiliated venture.


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