What is Coravin?
Coravin, Inc. is a global leader in wine technology, dedicated to expanding the ways in which wine can be experienced. The company's award-winning Wine Preservation Systems are engineered to allow users to pour any wine, still or sparkling, in any desired quantity, while preserving the integrity of the bottle for extended periods, ranging from weeks to years. This innovative approach caters to wine enthusiasts, connoisseurs, and trade professionals, revolutionizing the tasting, serving, selling, and marketing of wine. With a distribution network spanning over 60 countries, Coravin products are accessible through major retailers, specialized wine shops, and are integral to the by-the-glass programs of leading restaurants and social clubs worldwide.
How much funding has Coravin raised?
Coravin has raised a total of $63.2M across 6 funding rounds:
Other Financing Round
$600K
Series A
$11.5M
Series B
$14M
Series C
$13.6M
Private Equity
$22.5M
Debt
$1M
Other Financing Round (2011): $600K with participation from Jaina Capital
Series A (2013): $11.5M, investors not publicly disclosed
Series B (2014): $14M supported by Quadrille Capital
Series C (2015): $13.6M featuring Quadrille Capital and Windham Venture Partners
Private Equity (2016): $22.5M, investors not publicly disclosed
Debt (2020): $1M with participation from PPP
Key Investors in Coravin
Jaina Capital
Jaina Capital is a venture capital firm based in Paris, France, operating within the venture capital and private equity industry. It focuses on investments that drive growth and innovation.
Quadrille Capital
Quadrille Capital is an independent French private investment firm with a focus on technology, healthcare, and energy, investing both directly in companies and through selected technology funds.
Windham Venture Partners
Windham Venture Partners is a New York City-based venture capital firm specializing in healthcare, with a particular emphasis on medical technology and digital health.
What's next for Coravin?
The substantial enterprise-level funding Coravin has attracted, coupled with its recent strategic investment, indicates a company poised for significant scaling and market penetration. This capital infusion is likely to fuel further research and development into advanced wine preservation technologies, expand its global distribution channels, and enhance its marketing efforts to reach a broader consumer base. The company's trajectory suggests a focus on solidifying its position as the definitive solution for wine preservation and enjoyment, potentially exploring new product lines or strategic partnerships to further innovate within the beverage technology sector.
See full Coravin company page
