CLEVELAND, Ohio–(BUSINESS WIRE)–Champ Titles, a technology company that is changing the way that vehicle titles are created, managed, and transferred in the United States, has closed an $8.5 million Series A investment. The round was led by EOS Venture Partners and W. R. Berkley Corporation, and it brings the company’s combined funding to over $17.5 million.
“What we are doing here saves not only weeks in processing time but money for everyone”
Champ Titles was launched in 2018 and can reduce the amount of time it takes to create, manage, or transfer a vehicle title to just one day. The money raised will be used to accelerate the distribution of its breakthrough technology across multiple vehicle title ecosystem verticals and a broader geographic footprint.
“What we are doing here saves not only weeks in processing time but money for everyone,” said Champ Titles Chief Executive Officer, Shane Bigelow. “The world is rapidly digitizing, and Champ’s end-to-end vehicle titling solutions are being adopted at a high rate because we significantly reduce the time and effort required to create, manage or transfer the vehicle title. This funding will allow us to roll out Champ Titles faster to more users across the entire U.S.”
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