There has been a spate of articles about a new gadget for preserving wine called the Coravin. What’s not been widely commented on is the fact that the founders raised a lot of money, notably almost $11.5 million in the last round.
The company, based in Burlington, Massachusetts, raised these funds from 106 equity investors, including restaurateur Joe Bastianich who had tested the product–formerly known as the Wine Mosquito–at his restaurant, Del Posto. The CEO, Nicholas Lazaris, ran Keurig before and after it was sold to Green Mountain Coffee Rasters.
To read the full, original article click on this link: Chart: Where is wine venture capital flowing? - Dr. Vino Dr Vino's wine blog
