Octane, the industry leader in digital products supporting consumers, dealerships, and OEMs throughout the buying journey for major recreational purchases, today announced it has raised $52 million in Series D funding. Progressive Investment Company, Inc., a member of the Progressive Insurance ® group, led the round, with participation from existing investors Valar Ventures, Upper90, Contour Venture Partners, Citi Ventures, Third Prime and Parkwood as well as new investors Gaingels and ALIVE. This brings the company's valuation to over $900 million with over $192 million in total equity funding raised to date.

Octane offers instant financing to fuel your lifestyle. Octane dramatically simplifies and accelerates the transaction process for large recreational purchases such as motorcycles, ATVs, and zero-turn lawn mowers with automated underwriting, innovative credit products, and financing, through our in-house lender Roadrunner Financial. Octane reaches millions of enthusiasts through editorial brands like Cycle World and UTV Driver and helps consumers buy their favorite products by prequalifying them on dealer and OEM websites. Octane is revolutionizing lending in underserved verticals that account for tens of billions of dollars in annual transactions.