# Coravin

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coravin

- Industry: Consumer Products
- Headquarters: Burlington, US
- Website: www.coravin.com
- Total disclosed funding: $28M
- Latest round: Series C (Jun 22, 2015)
- Investors on record: 2

## About

Coravin, Inc. specializes in pioneering wine preservation systems, allowing consumers to enjoy wine without removing the cork, thus maintaining the wine's freshness for extended durations.Founded in 2011 and headquartered in Burlington, US, Coravin, Inc. designs innovative wine preservation technology. The founders include Greg Lambrecht and Josh Makower. The company has successfully raised a total of USD 22.50 mn across various funding rounds, with the latest round being a VENTURE DEBT amounting to USD 4.56 mn in August 2019.Coravin's product line features advanced wine preservation systems such as the Timeless+ and Timeless Six+, which utilize medical-grade needles and argon gas to maintain an oxygen-free environment post-pour. The systems cater to individual wine enthusiasts, restaurants, and wine bars, available in markets including Canada, Australia, the UK, and several European nations.Revenue generation for Coravin primarily comes from direct sales of wine preservation systems and accessories, including Pure® argon gas capsules and specialized needles. Their premium products, such as the Timeless Three+, Timeless Six+, and Coravin Sparkling systems, are competitively priced. They maintain a customer base of over 1,000 wineries and 28,000 wine bars and restaurants globally, ensuring robust demand for their technology.Coravin plans to leverage its recent funding of USD 4.564 mn from August 2019 to expand its product offerings and penetrate new markets. Specific upcoming products are currently under design, with anticipated launches in the near future. The company aims to target additional geographic regions, enhancing its footprint in international markets.

## Funding rounds

- Series C, Jun 22, 2015, $14M — Windham Venture Partners, Quadrille Capital
- Series B, Feb 21, 2014, $14M — Quadrille Capital

## Investors

- Quadrille Capital (https://capitalatlas.ai/funds/quadrille-capital) — Series B, Series C
- Windham Venture Partners (https://capitalatlas.ai/funds/windham-venture-partners) — Series C