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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. 

Funding

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. 

Competition

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

Ryan McCulloch
June 20, 2025
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In recent months, the public markets have begun to treat crypto mining companies less like speculative high-growth tech stocks and more like mature infrastructure businesses. This shift is most apparent in how the market is valuing miners on an EBITDA basis. While the sector was once characterized by extreme volatility and opaque financials, a number of miners now trade at enterprise value to EBITDA (EV/EBITDA) multiples that are approaching, or even in line with, those of traditional data center companies.

 

 

Historically, crypto miners frequently traded above 20x forward EBITDA, pricing in aggressive growth expectations and elevated risk premiums tied to Bitcoin price exposure. However, as miners have improved operational transparency, optimized energy sourcing, and demonstrated financial discipline, investors have started applying more normalized valuation frameworks. Today, several leading miners trade in the 8–13x EBITDA range, compared to data center operators, which typically trade between 10–14x.

 

 

Several factors are driving this convergence. First, institutional investors now make up a larger portion of the shareholder base, bringing valuation discipline and a focus on fundamentals. Second, the post-halving environment has led to operational consolidation, with weaker miners exiting the market or being acquired, leaving behind better-capitalized, more efficient operators. Third, there’s a growing recognition that many miners are effectively energy-infrastructure businesses—offering high-density compute powered by low-cost electricity—which is conceptually and operationally adjacent to traditional data centers.

 

 

It’s worth noting, however, that not all miners are trading at normalized levels. Some still command premium valuations, often due to differentiated attributes like vertically integrated AI hosting, access to ultra-low-cost power, or participation in grid services markets. These distinctions are driving a healthy dispersion in valuations—marking a shift from sector-wide sentiment to company-specific fundamentals.

 

 

In conclusion, while crypto miners still face unique risks tied to Bitcoin pricing and regulatory overhangs, the market is clearly beginning to view parts of the sector through a more traditional infrastructure lens. For the first time, some miners are trading at EBITDA multiples in line with peers in the data center space—a sign that the sector is not only maturing, but being rewarded for doing so.