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Cleveland, Ohio-based, CHAMP Titles Raises $55 Million
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CHAMP Titles, Inc., a Cleveland, OH-based provider of digital solutions to motor vehicle agencies, raised $55m in funding.
The round was led by W. R. Berkley Corporation, Point72 Ventures, and ORIX Corporation USA, with participation from other existing investors as well. Total funding now exceeds $100m.
The company intends to use the capital to accelerate expansion.
Led by Shane Bigelow, Chief Executive Officer, CHAMP Titles is a provider of digital solutions to motor vehicle agencies (MVAs) in the United States. Its patented technologies and platforms streamline and secure motor vehicle administration. Designed for government, the company’s solutions serve a broad ecosystem of MVA stakeholders, including vehicle retailers, vehicle wholesalers, insurance carriers, fleet operators, lenders, all the service providers that serve each of these industry verticals, and, of course, consumers. CHAMPgov replaces aging title, registration, lien, driver’s license, and agency systems of record in partnership with state governments.
Today, more than 35 million Americans have access to CHAMP’s technology through state contracts that implement the company’s systems of record, and tens of millions of transactions have been conducted on the platform.
source[FinSMEs]
The round was led by W. R. Berkley Corporation, Point72 Ventures, and ORIX Corporation USA, with participation from other existing investors as well. Total funding now exceeds $100m.
The company intends to use the capital to accelerate expansion.
Led by Shane Bigelow, Chief Executive Officer, CHAMP Titles is a provider of digital solutions to motor vehicle agencies (MVAs) in the United States. Its patented technologies and platforms streamline and secure motor vehicle administration. Designed for government, the company’s solutions serve a broad ecosystem of MVA stakeholders, including vehicle retailers, vehicle wholesalers, insurance carriers, fleet operators, lenders, all the service providers that serve each of these industry verticals, and, of course, consumers. CHAMPgov replaces aging title, registration, lien, driver’s license, and agency systems of record in partnership with state governments.
Today, more than 35 million Americans have access to CHAMP’s technology through state contracts that implement the company’s systems of record, and tens of millions of transactions have been conducted on the platform.
source[FinSMEs]
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