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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 M&A Snapshot

Week of June 09 – June 15

Eric F. Risley
June 15, 2025
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June 9th – June 15th

PERSPECTIVES by Eric F. Risley 

 

Spotlight: Stripe Acquires Privy – Accelerating Crypto’s Integration into Mainstream Applications

 

 

Simplicity, an essential theme in crypto, was on display this week.

 

 

“When we started in 2021, wallets were powerful but inaccessible to all but power users. Developers had to send users off-platform to get started, breaking flows and killing conversion. That friction fundamentally constrained what could be built in crypto.”

– Henri Stern, Co-Founder & CEO, Privy

 

 

This week, Stripe announced the acquisition of Privy. Privy offers a simple API that allows both Web3 and traditional Web2 app developers to securely create crypto wallets, sign transactions, and integrate with any onchain system. The result is that users can create and use crypto wallets within familiar apps, without navigating external services or complex security steps. This “invisible” approach is essential for mainstream adoption, as it makes using crypto as intuitive as any digital service.

 

 

The approach has gained market validation, with Privy now powering over 75 million accounts and supporting billions in transaction volume for clients. While the acquisition consideration was not disclosed, Privy’s June 2025 equity financing, which valued the company at $230 million, suggests the acquisition valuation was above that level.

 

 

Why is abstracting away the complexity of crypto important? It’s simply too complicated for most users, as highlighted last week and evident in the acquisition of Web3Auth by Consensys. Additionally, the number of users of traditional Web2 applications (including e-commerce, gaming, social, and finance platforms) vastly outnumber those of native Web3 or crypto apps. For crypto to achieve true scale, its capabilities must be seamlessly integrated into the platforms where users already spend their time.

 

 

This transaction is yet another example of bridging traditional and crypto finance, or what we call “bridge transactions.” This will continue.