Charter Space, a CA-based space insurance provider, announced a $5M seed round led by Crystal Venture Partners to accelerate market traction. The round included participation from QED, Blank Ventures, Gaingels, Hustle Fund and others. Charter's insurance brokerage CIRC uses AI-powered underwriting to reduce policy approval time from months to two weeks. The funding brings Charter's total financing to $8M since its 2021 founding.
Company Information
Company
Charter Space
Location
San Francisco, California, United States
About
Charter Space is a fintech company focusing on spacecraft insurance. It captures manufacturing and test data directly from sources to provide faster, cheaper, and more reliable risk evaluation for spacecraft insurance. The company's tool aids in developing an underwriting model to assess risks associated with satellite operations. Charter aims to increase the number of insured satellites, thereby enhancing safety and fostering investment in the space industry.
Fundz sees it the moment Charter Space raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
San FranciscoManufacturingArtificial IntelligenceDefense & Space