Goodcover, a cooperative insurance provider, has raised $7.5 million in Series A financing led by Goodwater Capital, with participation from Fuel Capital, Broadhaven Ventures, Global Founders Capital, Liquid 2, and TransRe.

Goodcover is an insurtech startup building a community of members, and delivers an instant digital experience with a cooperative model. Goodcover Renters Insurance is half the cost of legacy providers. Currently available in California and expanding to other states and products soon.