Gunderson-led lender surpasses $ 900 million in value with Series D

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Law360 (Aug 5, 2021, 5:35 p.m. EDT) – Octane said on Thursday its valuation exceeded $ 900 million after a Series D funding round that the lender led by Gunderson Dettmer will use to improve services for consumers looking to purchase vehicles recreational online.

Octane Lending Inc., which has offices in New York and Dallas, said that including the latest injection of $ 52 million, it has raised more than $ 192 million in equity to date. Octane offers prequalification technology, financing and deal making for “major recreational purchases” such as motorcycles and all-terrain vehicles, according to its website. It also has an “editorial content” business that includes media brands like Cycle World and UTV Driver, the …

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