Coravin Raises $11.5 Million

Coravin LLC, which develops new technology to tap wine, has closed a $11.5 million funding round, raising the amount from 106 investors, according to an SEC filing.

In 2011, the Burlington-based firm raised $2.14 million.

Coravin developed patented technology that allows wine lovers to enjoy a glass of their favorite wine anytime without removing the cork from the bottle. It is led by President and CEO Nick Lazaris.

Lazaris is an independent board member at Vitamix, Inc., Bevyz Global Limited and Aquasana, Inc.. He is also a managing partner at NGL Advisors LLC.

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