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Charter 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.