For $x\in\mathbb C$ with $0<|x|<1$, does this function have any roots?
$$f(x)=\sum_{n=0}^\infty\frac{x^{2n+1}}{1+x^{4n+2}}$$
$$=\sum_{n=0}^\infty x^{2n+1}\sum_{m=0}^\infty(-x^{4n+2})^m$$
$$=\sum_{n=0}^\infty\sum_{m=0}^\infty(-1)^mx^{(2n+1)(2m+1)}$$
Finding an infinite product representation would help. I don't remember where I found this, but here's another form of the function:
$$f(x)\overset?=\sum_{n=0}^\infty\sum_{m=0}^\infty x^{((4n+1)^2+(4m+1)^2)/2}$$
A correction to the final formula, and a product representation (one of): $$f(x)=\sum_{n,m=0}^{\infty}x^{((\color{red}{2}n+1)^2+(\color{red}{2}m+1)^2)/2}=x\prod_{n=1}^{\infty}(1-x^{4n})^{2(-1)^n}.$$ As noted in the comments to the OP, this has much to do with theta functions. In that notation, $$f(x)=\frac{\theta_4'(\pi/4,x)}{4\theta_4(\pi/4,x)}=\frac{\theta_1'(0,x^4)}{2\theta_4(0,x^4)}=\frac{\theta_2^2(0,x^2)}{4},$$ where $\theta_k'(z,q)=\partial\theta_k(z,q)/\partial z$. Here, the first equality is taken from the logarithmic derivative of the product representation for $\theta_4(z,x)$, at $z=\pi/4$; the second one follows from the defining series; the third one is obtained again using the product representations.