Gunderson Dettmer represented client Point72 Ventures in leading the $18 million Series C financing of Champ Titles, the leading provider of digital vehicle title, registration, and lien systems of record. The company’s patented SaaS technology, including the Digital Title and Registration Suite and the National Digital Titling Clearinghouse, which are big steps forward toward a paperless, environmentally friendly, digital, secure, frictionless future in titling. Champ Titles will use the new capital to fuel its ongoing growth.

In the announcement of the transaction, Point72 Ventures Partner Adam Carson said, “The current title management process is largely paper-based, error-prone and requires significant time and effort from all parties involved. We believe Champ Titles’ platform offers a comprehensive and simplified solution for state DMVs and addresses a longstanding pain point. We are excited to be part of their journey.”

The Gunderson Dettmer deal team was led by Ibrahim Elshamy and Ross Burningham and included Tim Greene, Joe McGinley and Margaret Lynch.

Companies
Point72 Ventures
Champ Titles