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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.

Financing

Week of April 07 – April 13

Todd White
April 16, 2025
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April 07 – April 13 

PERSPECTIVES by Todd White

 

34 Crypto Private Financings Raised: $1,513.4M

Rolling 3-Month-Average: $531.8M

Rolling 52-Week Average: $267.8M

 

This past week saw two significant capital rounds above $100m, continuing the trend highlighted in our quarterly report marking a return of late-stage VC and growth capital to the sector. While deal count has not regained its 2022 zenith of 44 rounds, the 8 reported growth closings so far this year have already surpassed 2023 by transaction count and aggregate capital raised; they also have surpassed 2024 in aggregate capital raised. In addition, the mean deal size for 2025 is running at $493M, which is well above the peak average size of $287M in 2021. 

 

Both of this week’s top rounds went to mining and digital infrastructure companies, a consistently popular subsector among investors. In the larger of the two, cloud mining infrastructure company DRML Miner closed $1B in later stage VC funding. Cloud-based Bitcoin mining allows individuals to participate in crypto mining by renting computational power from remote data centers, eliminating the need for personal hardware. Users purchase contracts for hash power and receive proportional rewards from mined blocks drawn from a pool of shared mining facilities that handle energy costs, maintenance, and blockchain verification processes. DRML touts its use of clean energy and high-quality equipment to provide a simple, fee-free, and stable way to mine Bitcoin profitably.

 

XY Miners, a UK-headquartered blockchain and high-performance computing technology company, secured $300M. The company provides a suite of services that includes: digital asset mining, cloud mining services, mining machine hosting leasing and sales, as well as advanced cloud computing solutions, particularly for AI workloads. They manage complex logistics — such as data center design and construction, equipment procurement and management — as well as data centers operations across several countries, including Kazakhstan, Norway, Russia, and the United States.

 

These sizable capital infusions into both DRML and XY may portend aggressive scaling efforts to capture market share in an increasingly competitive global mining and cloud computing markets. 

 

Contact ryan@architectpartners.com to schedule a meeting.