October 1, 2015
News Briefs for October 1, 2015
By Shanken News Daily
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When the Coravin was launched in July 2013, there were plenty of skeptics: Could the device really extract a glass of wine from a bottle and leave the remainder sealed and fresh? And was there a market for that? Inventor and founder Greg Lambrecht said he expected to sell 20,000 to 30,000 in the first few years. Despite the learning curve, as well as some setbacks, Coravin sales have exceeded 100,000 units, and the company has raised more than $39 million in funding.