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 M&A Snapshot

Week of February 12 – February 18

Steve Payne
February 18, 2024

A few smaller deals were announced this week plus one more strategic.


Stockpile, the financial app for kids and parents, has acquired the asset of Investables, a fractional alternative investing platform focused on collectibles.  Stockpile has raised $45M to date, most recently from Mayfield Fund and 8 Roads, and allows kids to invest in equities and crypto (powered by Baakt) with parental approval.


FTX will sell Digital Custody Inc. (DCI) to CoinList for $500k, 95% less than FTX paid in 2022.  In a twist, DCI’s original CEO will provide financing to CoinList for the purchase. DCI holds a custody license from South Dakota.


Teknia, a manufacturer of components for mobility solutions (car parts) headquartered in Spain, acquired XPander, a Spanish digital consultancy with blockchain technology.


Ripple continues to build out their custody capabilities with the acquisition of Polysign’s subsidiary Standard Custody & Trust. Standard Custody holds a New York Limited Purpose Trust Charter, one of just nine New York licensed crypto trust charters.  Ripple knows Standard Custody well – the architects of Standard Custody’s technology are Arthur Britto and David Schwartz, co-creators of the XRP Ledger. Schwartz is Ripple’s current Chief Technology Officer, and Britto was the founder of PolySign.  In 2022 Polysign acquired MG Stover, a well-regarded institutional fund administrator, servicing hedge funds, money managers, VCs, and private equity funds.  The strategy was to build a trusted, regulatory-compliant crypto asset custody business by combining the existing relationships of MG Stover with Polysign’s regulated “through the front door” custody services—however, timing matters.  Crypto winter hampered client wins and Coinbase dominated during this period with its well-regarded custody services and aggressive pricing.  This is also a cautionary tale on the challenges that come from venture debt.  In this case, debt covenants created a crisis that resulted in their lender assuming control of a portion of the company.  From Ripple’s perspective, this acquisition nicely complements their custody technology acquisition of Metaco with U.S. licenses allowing custody services.



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