Coravin, Inc. utilizes patented Coravin Technology to extract wine from a bottle without removing the cork, allowing users to pour a glass while preserving the remaining wine for months or even years. This technology addresses the challenge of enjoying fine wines without the pressure to finish the entire bottle at once.
Funding
$22.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Wine enthusiasts often hesitate to open a bottle of wine, especially fine vintages, due to the concern that the wine will oxidize and spoil before it can be fully enjoyed. This leads to missed opportunities to savor different wines and limits the ability to pair wines with meals without committing to consuming the entire bottle.
Solution
Coravin offers a wine-by-the-glass system that allows users to pour wine without removing the cork, preserving the remaining wine for weeks, months, or even years. The system uses a needle to access the wine and replaces the displaced volume with pure argon gas, preventing oxidation. This technology enables wine lovers to enjoy a single glass of wine without compromising the quality of the rest of the bottle, allowing for greater flexibility in wine selection and pairing. Coravin provides different systems tailored to various types of wine closures, including natural corks and sparkling wines.
Target Audience
The primary target audience includes wine enthusiasts, collectors, and professionals in the hospitality industry who want to enjoy wine by the glass without sacrificing the quality of the remaining bottle.
Features
- Patented Coravin Technology that extracts wine without removing the cork
- Preservation of still wines for months or years using argon gas
- Coravin Sparkling model preserves sparkling wines for up to 4 weeks
- Timeless models feature elegant color options and high-gloss finishes
- Pure Argon Capsules ensure an inert environment within the bottle
- Pivot system preserves wine for up to 4 weeks, ideal for everyday wines
- Accessories available, including replacement needles and argon capsules