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

Elliot Chun
July 5, 2024

Is Crypto ready for its next natural disaster?

I’m currently in Grand Cayman where the island experienced a just-outside-of-the-cone Cat 3 hit from Hurricane Beryl.


Before the storm hit in the early morning of July 4, we spoke with locals to assess leaving or staying on the island. Almost every conversation started with Hurricane Ivan – the Category 5 storm that devastated Grand Cayman in 2004 – and how the island reacted in its aftermath. Most of the destroyed infrastructure was replaced with the foresight that the new infrastructure must weather an equally or even more powerful storm. Along with these improvements, island residents were trained on what preparations were required to minimize storm damage. 


I sensed a sense of pride from the locals when they responded to the question that their island was upgraded and ready. 


Today, I drove parts of the island, which seemed to be operating normally and without any major outages. 


Our industry names the downturn phases of our industry’s ongoing evolution as “Crypto Winters”, but I believe they are more natural disasters than seasonal occurrences.


Some are self-inflicted and predictable (ICO bust, CeFi Crypto Lending).


Some are expected, but we don’t have a solution today (losses due to hacks).


Some come completely out of nowhere (frauds).


What’s apparent from every disaster is how our industry reacts during the storm and in its aftermath.


The issues and resolution of these disasters are played out transparently and in real-time (this is a key characteristic that we will drill into further at a later time). Infrastructure is modified and improved. Operating and investing discipline is sharpened. We emerge with a better understanding of how to weather that specific storm. 


Part of the reason we say things like “1 crypto year is equal to 1 regular quarter” is because the velocity of innovation (both the ups and the downs) is accelerated due to how the industry reacts to these disasters.


We are certain there will be future natural disasters. We won’t be prepared for everything, but we learn, adapt and improve, so that a Beryl-like disaster becomes relatively harmless in the future. 



Sony (SONY) announced the rebrand and launch of its crypto exchange S.BLOX which they acquired last year. If you’re asking why is Sony launching a crypto exchange, then you’re asking the wrong question. The question is when will other traditional technology companies announce their crypto strategy?


DISH (SATS) and Tucows (TCX) launched a Web2 domain and Web3 digital identity product – .locker. Infrastructure providers will continue to launch these critical products and services as they execute a natural transition into Web3.


See our Q2 M&A and Financings report from July 2nd and our segment on CNBC’s Crypto World (4 min mark).


Architect Partners will be at EthCC in Brussels next week.