Champ Titles, the leader in bringing advanced title and registration capabilities to DMVs, automotive retailers, and insurance carriers across the U.S., has closed a $12.9 million Series B investment. The over-subscribed round, with continued support from four public companies, brings Champ Titles' total funding to over $30 million.
Founded in 2018, Champ Titles replaces state DMV title and registration systems with its intuitive software while also providing technology that enables automotive retailers and insurance carriers to reduce the amount of time it takes to create, manage, and transfer a vehicle title to just one day. The money raised bolsters the Company's position as a leader in the title and registration business.
"We are thrilled that the industry has spoken: our recent large contracts and funding round are proof that the days of old, big, on prem deployments are over for title and registration solutions," said Champ Titles Chief Executive Officer, Shane Bigelow. "There is a real call for low-cost, high efficiency, quickly enabled solutions to speed title and registration transactions anywhere in the world."
Jonathan Kalman, Founding Partner of EOS Ventures said, "We are delighted to invest in Champ once again. Their leadership in digitizing the title and registration space is clear, and their momentum is strong. We look forward to seeing how they change the insurance industry and many other verticals in the years to come."