Coravin Inc., a Burlington, Massachusetts-based creator of a device that allows users to access and pour bottles of wine without pulling the cork, secured $13.6m in Series C-1 financing.
The round was led by Windham Venture Partners, with participation from Quadrille Capital.
The company, which has raised over $39m to date, intends to use the funds for research and development, market expansion, and penetration across consumer, retailer and distributor channels.
Led by Frederic Levy, CEO, Coravin designs and markets the Coravin System for wine enthusiasts, restaurants, wine stores and wineries. It uses proprietary patented technology to access and pour wine from a bottle without pulling the cork. Wine, after being accessed, remains in the bottle, continuing to evolve naturally and can be enjoyed later since it was never exposed to oxygen.