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Stock impact report

Champ Titles Closes $18 Million Series C Funding Round Led by Point72 Ventures [Yahoo! Finance]

W.R. Berkley Corporation (WRB) 
Last w.r. berkley corporation earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: wrberkley.com/investor-relations.aspx
Company Research Source: Yahoo! Finance
vehicle title, registration, and lien systems of record in the United States, announced today it has raised $18 million in Series C financing. Point72 Ventures led the round and was joined by existing investors W.R. Berkley Corporation, Eos Venture Partners, Guidewire Software, and Rev1 Ventures, among others. To date, Champ Titles has raised more than $45 million. Champ Titles will use the funds to fuel its ongoing growth. Through its Digital Title and Registration Suite (DTRS), Champ partners with state governments to improve motor vehicle departments by replacing aging title and registration systems. This capital will allow the company to take on as many new clients as the market will bear. “We made tremendous progress over this past year—we onboarded new states, including New Jersey, Kentucky and Illinois, expanded our relationship with West Virginia by creating the first National Digital Titling Clearinghouse (NDTC), and grew revenue by more than 300%. We could have continued Show less Read more
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