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.


Week of May 8 – May 14

Steve Payne
May 17, 2023

23 Crypto Private Financings Raised ~$88M

Last week was another slow period for announced financings in the crypto segment – Architect tracked 23 financings, with $88M in funding disclosed.  At this point, May is shaping up to be the slowest financing month in the past year.


In the largest announced deal, Seoul-based Humanscape raised a $15M Series C round led by prior investors Care Labs, Green Cross Healthcare and others plus new investor Hana Securities, bringing total capital raised to date to about $35M.  Humanscape is a digital health company with offerings including Mami Talk, a parenting and childbirth app expanding to Southeast Asia and Rare Note, a blockchain-based observational research clinical data management solution.  In 2019, Humanscape launched the HUM token, now listed on a handful of DEXs mainly in Korea with a market cap of $100M.  


The second-largest raise was reported by Blockworks, the crypto media firm, with a $12M Series A at a valuation of $135M.  This round was led by 10T, the growth equity “picks and shovels” crypto fund with $1.2B under management and with participation from crypto-focused Framework Ventures and crypto angel investor (and Blockworks content contributor) Santiago Santos.  The company reported that this was their first outside capital raise.  Blockworks reports it will use the funding to accelerate their research and data analytics offerings, providing subscription-based access to research, data and analytics, governance, and real-time news. We are familiar with Blockworks – they have quoted Architect Partners in a handful of recent articles.


The third largest round announced last week was a $10M seed raise by Indian adult entertainment and media platform TABOO for their privacy-centric, censorship-resistant blockchain content platform.  This round was at a supposed $250M valuation, led by an unnamed “ex-JP Morgan senior executive”.