CHAMP Titles Raises $55 Million In Largest Funding Round To Date [Yahoo! Finance]
W.R. Berkley Corporation (WRB)
Last w.r. berkley corporation earnings: 4/21 04:10 pm
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Source: Yahoo! Finance
agencies, announced today that it has raised $55 million in new financing, surpassing all previous rounds and marking the company's largest raise to date. The round was led by W. R. Berkley Corporation, Point72 Ventures, and ORIX Corporation USA, with participation from other existing investors as well. CHAMP's total funding now exceeds $100 million, reflecting strong and accelerating nationwide demand for its technology. The new capital will fuel CHAMP's rapid expansion as more states look to modernize their motor vehicle departments through CHAMP's flagship solution, CHAMPgov, which replaces aging title, registration, lien, driver's license, and agency systems of record in partnership with state governments. This year marked a defining period of growth for the company. CHAMP entered new markets, including the signing of Louisiana for both its Vehicle Services and Driver Services platforms, bringing a full end-to-end digital DMV experience to millions of residents. CHAMP's invent
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