Champ Titles, a Cleveland, Ohio-based technology company that offers a new way to create are created, manage, and transfer vehicle titles in the United States, raised $8.5m in Series A funding.
The round, brought the company’s combined funding to over $17.5m, was led by EOS Venture Partners and W. R. Berkley Corporation.
The company intends to use the funds to accelerate the distribution of its technology across multiple vehicle title ecosystem verticals and a broader geographic footprint.
Launched in 2018 by Chief Executive Officer Shane Bigelow, Champ Titles provides Digital Total Loss, which allows insurance carriers to quickly acquire and dispose of vehicles in instances of total loss by digitizing the process from owner engagement to title application submission, reducing cycle times significantly, and DMV SaaS, which gives state agencies the ability to modernize their title and registration systems, providing benefits to all users of these upgraded systems.
FinSMEs
11/08/2021