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 November 13 – November 19

Eric F. Risley
November 19, 2023

Call us curious.


Not often does a venture capital firm acquire a large controlling ownership position in a young business and even more unusual, doing so by acquiring a founders stake.  This week Foresight Ventures did just that, acquiring 80% of the The Block from its founder for $60M, according to Bloomberg reporting.  This values the entire business at $75M. To make this even more fascinating, according to Pitchbook, Foresight manages a $400M fund which suggests this single investment represents 15% of their entire fund, an extraordinarily large concentration for a venture capital firm, particularly given that almost none of the funds are actually being used to create future value at The Block, rather solely benefiting the founder who has departed.


Historically, The Block has been a well-regarded crypto news and data publisher.  Unfortunately, they found themselves implicated in controversy but the team persevered and has continued to deliver insightful and needed news, information, data and data analytics to the industry.  At the core, at least today, they are a media company with a strategy to build a resilient and high-value data and data analytics subscription business to complement the challenging aspects of being in the media business.  Certainly a reasonable strategy and similar to what Bloomberg has done, albeit Bloomberg did it in the reverse order and they waited 30 years and built a world-class brand and overall business before they started their media division.


The Block competitors include Coindesk, Cointelegraph, Decrypt, Blockworks, Messari and many others of smaller scale.  Being primarily a media business, readership matters.  So how do they stack up?  According to Similarweb, The Block attracted 2.2M visits from both mobile and desktop over the past 30 days.  That compares to 6.9M for Coindesk, 8.2M for Cointelegraph, 2.8M for Decrypt, 1.3M for Blockworks and 432K for Messari.  For additional context, some of the major exchanges dwarf these sites with Binance attracting 50M visits, Coinbase attracting 28M and Kraken attracting 5.8M.  Lastly, Coindesk, a DCG subsidiary, was, according to multiple news sources, to be acquired for $125M earlier this year.  The close of that transaction has not yet been confirmed.