Heat Instant Pot to saute setting. As pot heats, chop all vegetables and set aside. Once heated, chop bacon and fry until brown. Set aside.
Next, pat dry all beef cubes and season with salt and pepper. In small batches, brown beef cubes and set aside. In residual oil add butter and vegetables. Saute for 3-5 minutes.
Add all beef, bacon and flour and saute stirring constantly until the flour smells nutty. Be careful not to burn.
Once the flour has been cooked down, add red wine and beef broth. Close lid and cancel saute mode. Place instant pot to high pressure for 50 minutes. Be sure to have the lid sealed and not venting.
Once time elapses, allow for a slow release for 15 minutes. Serve with Mash potatoes or rice.