Everything you need to need to know about the largest NYC startup funding rounds of August 2021; broken down by industry, stage, investors, and more…
The Powersports market (jet skis, motorcycles, ATVs, etc) is expected to surpass $50M per annum by 2027. 80% of purchases in this market require financing. Octane is a point-of-sale platform that enables power sport dealers and brands to provide automated financing solutions to their customers to close transactions. The company’s end-to-end platform covers all aspects of the lending process from origination to closing. Initially, a marketplace to connect lenders and purchasers, Octane launched its own lending unit, Roadrunner Financial, in 2016. To support the end-to-end purchase experience for consumers, the startup also operates a number of content destinations that are focused on editorial content for Powersports enthusiasts. Octane is currently working with over 3800 dealers and directly with ~50 brands, supported by a team of 300+ that’s growing fast. AlleyWatch caught up with CEO and Cofounder Jason Guss to learn more about the massive opportunity for financing in the Powersports market, the company’s strategic plans, and latest round of funding that comes at a $900M+ valuation from investors that includes Progressive Investment CompanyValar Ventures, Upper90, Contour Venture Partners, Citi Ventures, Third Prime, Parkwood, Gaingels, and ALIVE.
$485M+ in new funding with two deals you will not read about anywhere else. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 8/5/2021 featuring funding details for Messari, Dataiku, and much more.
Entrepreneurs Roundtable Accelerator (ERA), the longest running accelerator program in New York, is graduating its 16th cohort of 13 startups that each received $100K in investment and mentorship from a pool of 400+ experts for the four-month program. Led by Murat Aktihanoglu and Jonathan Axelrod, ERA companies have gone to raise in excess of $300M in funding and […]