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|Coravin disclosed selling 90% of its $15 million non-brokered equity offering to fifty-two investors. The sale started on June 3rd according to the document filed at the SEC. The company closed four previous unregistered private placements which raised an estimated $29.64 million.|
|Coravin markets a wine access system. Unlike preservation systems, which require the cork to be pulled and allow oxygen to enter the bottle, Coravin leaves the cork in place to continue protecting the wine, allowing you to pour from same bottle weeks or months later|
|The company, headquartered in Burlington MA, is led by Frederic Levy (President and CEO). Coravin elected to keep its revenues undisclosed.
The executive team includes Greg Lambrecht.
The board of directors includes Jerome Chevalier and Joshua Makower.
The company has raised an estimated total of $43.19 million via private unregistered security offerings.
Status: First close
Amount offered: $15 million
Amount placed: $13.56 million
SEC filing: Source
First sale: 06-03-2015
Data as of: 06-18-2015