Octane Lending, the fintech revolutionizing the buying experience for major recreational purchases, announced that it has closed its Series E funding round with $50 million in new equity capital. Octane has raised $242 million in total equity funding to date. Valar Ventures led the round with participation from Upper90.

Octane® is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience. The company connects people with their passions by combining cutting-edge technology and innovative risk strategies to make lifestyle purchases-like powersports vehicles, RVs, and outdoor power equipment-fast, easy, and accessible. Octane adds value throughout the customer journey: inspiring enthusiasts with the Octane Media™ editorial brands, including Cycle World® and UTV Driver®, instantly prequalifying consumers for financing online, routing customers to dealerships for an easy closing, and supporting customers throughout their loan with superior loan servicing.