GoKawiilCharter Space raises $5M seed round for space insurance brokerage
Charter Space, based in El Segundo, California, has closed a $5 million seed round to expand its space insurance business. The company already serves more than 50 clients across the U.S. space and defense sector since launching its nationally licensed insurance brokerage in May. Crystal Venture Partners led the round, with participation from QED, Blank Ventures, Hustle Fund, and Gaingels.
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Insuring space hardware remains uncommon due to the technical complexity of underwriting satellites, according to founder Yuk Chi Chan, who argues that wider insurance adoption could make the industry safer and attract more diverse capital sources beyond venture funding. The funding suggests investors see an opportunity in combining engineering data with underwriting to lower barriers for insurers. Broader insurance coverage could, as Chan suggests, help unlock debt and credit financing options for space companies currently reliant mainly on equity investment.
- Charter Space raised $5 million in a seed round led by Crystal Venture Partners
- The startup already serves over 50 space and defense companies since its May brokerage launch
- Its technology aims to make satellite underwriting easier by integrating engineering and test data
Source: techcrunch.com — Sean O'Kane, 2026-09-30
Published there as: “Charter Space raises $5M to bring insurance to the stars”
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