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Charter Space raises $5M to bring insurance to the stars

TechCrunchSeptember 30, 20264 min read

As Charter explains on its website, a common experience for space companies is that regular insurers "heard a bunch of scary science words and freaked out."

Charter Space, a finalist in last year’s TechCrunch Startup Battlefield, has raised a $5 million seed round to keep growing its budding space insurance business. The El Segundo, California-based startup said Wednesday it’s already servicing over 50 companies across the U.S. space and defense industrial base following the launch of its nationally-licensed insurance brokerage in May. Insurance-focused Crystal Venture Partners led the round, and fintech investors QED and Blank Ventures, early-stage venture firm Hustle Fund,…

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