Charter Space Raises $5M Seed Led by Crystal Venture Partners

Charter Space Secures $5M Seed Round

Charter Space, a space insurance and mission-management company based in El Segundo, California, has raised $5 million in Seed funding. The round was led by Crystal Venture Partners, with participation from QED Investors, Gaingels, Hustle Fund, and Blank Ventures. The funding date is September 30, 2026.

What Charter Space Does

Founded in 2021 by Yuk Chi Chan and Yukun Yin, Charter Space operates at the intersection of space mission software and insurance. Its Ubik platform unifies mission planning, compliance, and technical data for satellite teams. The company pairs that data with a nationally licensed insurance brokerage offering pre-launch, launch, and on-orbit coverage.

The brokerage serves more than 50 companies across the US space and defense industrial base. Charter Space's stated aim is to make satellite underwriting faster and cheaper by combining operational mission data with insurance placement.

The Opportunity

Satellite operators face a fragmented landscape for mission planning, regulatory compliance, and risk transfer. Charter Space addresses this by consolidating technical and compliance data into a single platform while providing direct access to insurance coverage. This integrated approach is designed to reduce friction for satellite teams and give underwriters better data on which to base policies.

Funding Details

• Round type: Seed
• Amount: $5,000,000 USD
• Lead investor: Crystal Venture Partners
• Additional investors: QED Investors, Gaingels, Hustle Fund, Blank Ventures
• Funding date: September 30, 2026

Acquisition Relevance

For acquirers in space technology, insurance, or mission software, Charter Space represents a combined software and brokerage asset. The Ubik platform provides mission planning and compliance data, while the licensed brokerage adds a revenue-generating insurance distribution channel serving over 50 space and defense companies. The Seed round, led by Crystal Venture Partners with participation from QED Investors, Gaingels, Hustle Fund, and Blank Ventures, provides capital to scale both sides of the business.

Charter Space's position in the US space and defense industrial base, along with its nationally licensed brokerage, may be of interest to strategic buyers looking to enter or expand in space risk management and mission operations software.