W. R. Berkley Corporation announced a $55 million financing round for CHAMP Titles, Inc., a digital solutions provider for motor‑vehicle agencies. The round was led by Berkley, with Point72 Ventures and ORIX Corporation USA also taking lead investor roles. The investment pushes CHAMP’s total capital above $100 million, marking the largest capital raise in the company’s history and giving Berkley a significant stake in a rapidly growing niche technology firm.
CHAMP Titles, founded in 2018, delivers a cloud‑native platform that modernizes state and local motor‑vehicle departments. Its flagship product, CHAMPgov, enables agencies to issue titles and registrations on a pay‑as‑you‑transact basis, eliminating upfront costs and accelerating adoption. The company has secured a 2025 contract with Louisiana for vehicle and driver services, and it is developing a National Digital Titling Clearinghouse that has attracted broad buy‑in from other states. More than 35 million Americans now have access to CHAMP’s technology, and the platform has processed tens of millions of transactions to date.
For W. R. Berkley, the investment aligns with Berkley Capital’s strategy of backing middle‑market growth‑equity opportunities in high‑growth, niche sectors. “CHAMP Titles has demonstrated consistent execution and an ability to lead a complex digital transformation effort across the public sector,” said Mike Nannizzi, head of venture investments at Berkley. The partnership positions Berkley to tap into the expanding GovTech market while diversifying its portfolio beyond traditional insurance holdings.
CHAMP’s growth trajectory is underscored by its recent Louisiana contract and the development of the national clearinghouse, which together broaden the company’s reach and deepen its footprint in state agencies. CEO Shane Bigelow noted that demand for CHAMP has never been higher and that the round was “significantly oversubscribed.” The capital will fund the expansion of its platform, accelerate the rollout of new features, and support the scaling of its customer‑success operations.
The deal reflects a broader trend of private capital backing cloud‑native solutions for government infrastructure. “CHAMP has developed a category‑defining platform that addresses fundamental pain points in one of the largest and most underserved areas of public infrastructure,” said Blake Zhang, Managing Director of ORIX Corporation USA’s Growth Capital business. The pay‑as‑you‑transact SaaS model lowers the barrier to modernization, making CHAMP an attractive partner for agencies seeking cost‑effective digital transformation.
With the new funding, CHAMP plans to accelerate its expansion into additional states, enhance its platform’s analytics capabilities, and invest in talent to support its growing customer base. The round signals confidence from a seasoned investor in the company’s ability to scale its technology and capture a larger share of the GovTech market, positioning CHAMP for continued growth in the coming years.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.