--- title: Charter Space raises $5M to bring insurance to the stars description: Charter Space, an El Segundo-based startup building software and insurance products for the space industry, raised a $5 million seed round led by Crystal... canonical: https://daily.dev/posts/charter-space-raises-5m-to-bring-insurance-to-the-stars-e13uhlqb6 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Charter Space raises $5M to bring insurance to the stars | daily.dev og:description: Charter Space, an El Segundo-based startup building software and insurance products for the space industry, raised a $5 million seed round led by Crystal... og:url: https://daily.dev/posts/charter-space-raises-5m-to-bring-insurance-to-the-stars-e13uhlqb6 og:image: https://api.daily.dev/og/posts/E13Uhlqb6.png og:image:alt: Charter Space raises $5M to bring insurance to the stars og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Charter Space raises $5M to bring insurance to the stars **[TechCrunch](https://daily.dev/sources/tc)** · 4 min read · 0 upvotes · 0 comments ## Summary Charter Space, an El Segundo-based startup building software and insurance products for the space industry, raised a $5 million seed round led by Crystal Venture Partners, with participation from QED, Blank Ventures, Hustle Fund, and Gaingels. The company launched a nationally licensed insurance brokerage in May and now services over 50 companies across the U.S. space and defense industrial base. Founder Yuk Chi Chan says high underwriting costs have historically kept satellites uninsured, and Charter aims to use aerospace engineering data to make underwriting more accurate, unlocking non-VC capital like debt and credit for space companies. Total funding to date is $8 million, with the new round going toward sales growth and expanding coverage to novel missions like space-based nuclear power and lunar missions. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much funding has Charter Space raised in total? Charter Space has raised $8 million to date, including a $5 million seed round led by Crystal Venture Partners with participation from QED, Blank Ventures, Hustle Fund, and Gaingels. The seed proceeds will go toward growing its sales organization and expanding insurance offerings, including coverage for novel missions like space-based nuclear power and lunar missions. _Follow funding rounds shaping niche fintech and space markets on daily.dev._ ### What does Charter Space's space insurance brokerage do? Charter Space operates a nationally-licensed insurance brokerage, launched in May, that services over 50 companies across the U.S. space and defense industrial base. It plugs aerospace engineering, manufacturing, and test data into the underwriting process to make insuring satellites and spacecraft more accurate and accessible, aiming to unlock debt and credit financing beyond venture capital. _Track how startups blend engineering data with fintech on daily.dev._ ## Similar posts on daily.dev - [Charter Space brings fintech to spacecraft insurance and is showing off its stuff at TechCrunch Disrupt 2025](https://daily.dev/posts/charter-space-brings-fintech-to-spacecraft-insurance-and-is-showing-off-its-stuff-at-techcrunch-disr-af3dw2vuu) · TechCrunch · 0 upvotes · 0 comments - [Ex-NASA chief takes Quantum Space public at $1.2bn](https://daily.dev/posts/ex-nasa-chief-takes-quantum-space-public-at-1-2bn-uahrzn13i) · The Next Web · 0 upvotes · 0 comments - [Quantum Space’s military SPAC is trying to catch SpaceX’s IPO wave](https://daily.dev/posts/quantum-space-s-military-spac-is-trying-to-catch-spacex-s-ipo-wave-99asasmbr) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#startup](https://daily.dev/tags/startup), [#fintech](https://daily.dev/tags/fintech) [View this post on daily.dev](https://daily.dev/posts/charter-space-raises-5m-to-bring-insurance-to-the-stars-e13uhlqb6) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Charter Space raises $5M to bring insurance to the stars","url":"https://daily.dev/posts/charter-space-raises-5m-to-bring-insurance-to-the-stars-e13uhlqb6","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/charter-space-raises-5m-to-bring-insurance-to-the-stars-e13uhlqb6"},"datePublished":"2026-09-30T13:03:13.270Z","dateModified":"2026-09-30T13:44:08.542Z","description":"Charter Space, an El Segundo-based startup building software and insurance products for the space industry, raised a $5 million seed round led by Crystal...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/119c5f77cdfd3a8cb9287c81c683b0e1?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/119c5f77cdfd3a8cb9287c81c683b0e1?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCrunch","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCrunch","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tc","url":"https://daily.dev/sources/tc"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/charter-space-raises-5m-to-bring-insurance-to-the-stars-e13uhlqb6","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"startup,fintech","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCrunch","item":"https://daily.dev/sources/tc"},{"@type":"ListItem","position":3,"name":"Charter Space raises $5M to bring insurance to the stars"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/charter-space-raises-5m-to-bring-insurance-to-the-stars-e13uhlqb6#faq","mainEntity":[{"@type":"Question","name":"How much funding has Charter Space raised in total?","acceptedAnswer":{"@type":"Answer","text":"Charter Space has raised $8 million to date, including a $5 million seed round led by Crystal Venture Partners with participation from QED, Blank Ventures, Hustle Fund, and Gaingels. 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