Point72 Ventures Co-Leads CHAMP Titles New $55M Financing

Gunderson Dettmer represented Point72 Ventures as a co-lead investor in the new $55 million financing of CHAMP Titles, the nation’s leading provider of digital solutions to motor vehicle agencies (MVAs). W.R. Berkley Corporation and ORIX Corporation USA also led the round with participation from other existing investors.  

CHAMP Titles’ patented technologies and platforms streamline and secure motor vehicle administration for a broad ecosystem of MVA stakeholders. The new capital will fuel CHAMP’s rapid expansion as more states look to modernize their motor vehicle departments through CHAMP’s flagship solution, CHAMPgov, which replaces aging title, registration, lien, driver’s license, and agency systems of record in partnership with state governments. 

“Demand for CHAMP has never been higher,” CHAMP CEO Shane Bigelow said in the company’s announcement of the transaction. “We’re expanding at a remarkable pace and expect to grow materially again next year. The interest in what we are building has been extraordinary; this round was significantly oversubscribed, and we believe deeply in the scale of the opportunity ahead.” 

The Gunderson deal team was led by Ibrahim Elshamy, and included Craig Olshan, Morgan Otway, Joe McGinley, and Kimberly Sheehan.

Companies
Point72 Ventures
CHAMP Titles
W.R. Berkley Corporation
ORIX Corporation USA