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

Glenn Gottlieb
March 15, 2024

News on Macro Economic Data


This week continues the flow of negative economic information supporting the thesis that inflation is reigniting.  The February CPI came in higher than expected at 0.4%, which is an increase from the hotter than expected 0.3% in January.  The PPI came in at 0.6% (1.6% YoY) for February, twice the expected 0.3%.  Energy prices were the largest component of the PPI increase, and these energy costs have not yet made their way completely through the supply chain. 


Some economists suggest the CPI rise is due to a strong economy and point to the continued strength of the consumer.   The numbers supporting a healthy consumer segment are also not positive.   Retail sales were weaker than expected, rising 0.6% in February, and 1.5% YoY – the 24th straight month that retail sales, adjusted for inflation, have been flat.   Additionally, the National Restaurant Association reported that January was the weakest month for sales and traffic since Covid.   Against this backdrop real disposable income continues to fall, debt to income ratio is at the highest since The Great Recession, and loan delinquencies continue to rise. 


 Crypto Public Company Activity


In May 2023, Digital Asset, Goldman Sachs, Microsoft, BNP, Deloitte and other leading companies agreed to collaborate on the development of the Canton Network to make more efficient, interconnected blockchain-based financial services transactions available.


In a significant event, Canton completed a highly successful four-day trial of the network.  The trial included 155 participants from 13 banks, 4 custodians, 15 asset managers, 3 exchanges, and financial markets infrastructure providers, including Goldman Sachs, Broadridge, BNY Mellon, BNP Paribas, Standard Chartered, VISA and others.  


22 dApps – covering various segments, including fund, cash and bond registries and trading, margin and financing solutions – executed over 350 simulated transactions for asset tokenization, fund registry, digital cash, repo, securities lending and margin management.


According to a statement, the success of these transactions showed how the network could “reduce counterparty and settlement risk, optimize capital and enable intraday margin cycles”.  It was shown that the dApps demonstrated proficiency in achieving real-time settlement and immediate reconciliation across counterparty systems, while also complying with asset control, security and data privacy regulations.