Instant Pot Beef Bourguignon with red wine and stew meat, vegetables and seasonings turns out amazingly tender and flavorful! You've gotta' give this a whirl.
Add olive oil and bacon to the pressure cooker and saute until the bacon cooks all the way. Remove bacon from the pot.
Add beef to the pot and brown on all sides. Pour in the wine, scrape the bottom of the pan to deglaze it and remove stuck on pieces of meat. Simmer for 6 minutes, allowing the wine to reduce.
Whisk in the flour and tomato paste until liquid is smooth. Add in cooked bacon and beef, onions, carrots, garlic, beef broth, mushrooms, seasonings and butter.
Close lid that is not attached and steam valve and set to high pressure for 45 minutes. Then allow for a 10 minute natural release.
If you want sauce to thicken further, remove meat, set pot to saute again and allow to bubble and reduce so sauce thickens.