Champ Titles Raised $18M from Point72 Ventures
Champ Titles Raised $18M from Point72 Ventures

Architect Partners was the exclusive Financial Advisor to Champ Titles.

Transaction Overview

On March 27, 2024, Cleveland-based digital title and registration platform Champ Titles announced an $18 million Series C equity round led by Point72 Ventures with participation by existing investors.

Company Description

Champ Titles provides a digital title and registration suite to streamline the vehicle titling process. Their platform enables the creation of legal, digital titles for easy transfer and verification, serving insurance carriers, lenders, state governments, auto dealers, and owners. Stakeholders, including state motor vehicle departments, lenders, and vehicle owners, benefit from a unified and transparent system, where all information is readily accessible and transaction times are markedly reduced. The governance of the digital platform is established through clear guidelines, ensuring all parties adhere to the updated processes and regulations.

Champ Titles’ success is measured by the elimination of more than 5 million pieces of paper annually on average per state; a reduction in processing time from 40-60 days to a matter of hours; increased productivity of DMV title clerks processing more than five times as many titles per day; and the improved experience for consumers in each state that has adopted Champ Titles’ solutions. Over the last twelve months, the company has successfully onboarded new states including New Jersey, Kentucky, and Illinois, and expanded its relationship with West Virginia by creating the first National Digital Titling Clearinghouse (NDTC). Through these efforts, the company has grown rapidly with revenue increasing by more than 300% year over year. 

Founded in 2018 by CEO, Shane Bigelow, the company now has 63 employees and is headquartered in Cleveland, Ohio. 


In this Series C funding round, Champ Titles raised $18M from Point72 Ventures and existing investors including W.R. Berkley Corporation, Eos Venture Partners, Guidewire Software, and Rev1 Ventures, bringing the total amount raised since inception to $45M. 

In the prior Series B round, Champ Titles raised $13M from Guidewire Software, Eos Venture Partners, and Ally Ventures.

Before that, Champ Titles raised $13.5M in 2021 in a Series A. Emergents, now Architect Partners, served as the exclusive Financial Advisor for that financing. 


Champ Titles’ biggest competitors are existing state DMVs deciding to be a software company and developing solutions on their own or via large systems developers.  However, they also compete with other digital title networks such as Cario and Oxhead Alpha/Tezos. In addition, technology-enabled DMV solutions such as Fast Enterprises are seen as competitive but don’t offer the same efficacy.


Architect Partners’ Perspective

Champ Titles’ SaaS-based solutions present a compelling example of blockchain-enabled infrastructure solving real-world problems.  By focusing on the needs and pain points of legacy auto title, registration, and lien processing, Champ has leveraged the power of blockchain to transform critical government services.  The result is exponentially accelerated processing time for DMV constituents, with improved accuracy and reduced cost.  Yet Champ’s solutions capture many key benefits of on-chain data processing – which include trust, transparency, data integrity, security, and efficiency – without users even being aware of their blockchain foundations.  

While much attention is focused on recent resilience in crypto asset prices, we believe 2024 will see significant growth in non-speculative enterprise applications for distributed ledger technology.  Champ’s successful raise demonstrates investor interest in practical and scalable solutions to real-world problems.

Crypto Public Companies Snapshot

Crypto Public Companies Snapshot

Todd White
August 25, 2023

It is hard to avoid headlines about the crypto winter, the saga of SBF’s current abode and internet access, and who wants to sell who’s stolen crypto to whom. But the real story is developing beneath the headlines, and perhaps more quickly than anticipated.


For example, Citi released its third annual financial markets infrastructure whitepaper, listing digital assets and DLT adoption as one of three critical themes.  Their market survey that found three-quarters of the FMI industry are actively engaged in DLT/digital asset initiatives, and 79% view tokenization as the defining growth story in digital finance. Those are big numbers, among big institutions that provide the foundation of global financial and capital markets.


And three recent announcements highlight brewing competition in one of our favorite use cases – payments. Last Thursday, Mastercard heralded a new working group to explore the implementation of CBDC’s into the global payments. The “CBDC Partner Program” – which includes Ripple, Consensys, Fluency, Giesecke+Devrient and Fireblocks – will focus on complex often controversial issues facing CBDC deployment such as the inherent tension between privacy and transparency, technological security, and the challenge of user adoption amid skepticism about central control.


And the field of private digital payment options is increasingly crowded. On Monday, Coinbase announced a strategic minority investment in Circle (details not disclosed) and the dissolution of the pair’s Centre Consortium that has managed the issuance and governance of USDC stablecoin to date. Circle will now bring issuance and governance fully in-house and seek to add six additional blockchains to support USDC in an effort to enhance the interoperability of the world’s second-leading stablecoin.


Then Wednesday, SolanaPay’s integration with Shopify hit the tape, bringing Solana’s zero-fee and nearly-instant digital payment tool to Shopify’s vast global network of online merchants, starting with USDC and expanding to include other crypto assets. This of course is in the wake of last week’s PYUSD launch by the giant PayPal.


As with Citi’s report on financial market infrastructure, these strong moves by giants in global commerce (remember when we called it “e-commerce”?) portend potential seismic shifts in global finance and commerce built on blockchain-enabled tech. Surely these will prove more consequential than how frequently a certain household name gets to check his email.