New York-based jewelry and industrial company AUrate has secured $13 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 27 and led by BlueCrest Capital Management Limited.
According to its Crunchbase profile, "AUrate offers its clients a variety of jewelry through direct selling and online. Its materials are ethically sourced and made in New York City."
Founded in 2014, the startup also raised a $2.6 million seed round in 2017.
The round brings total funding raised by New York companies in commerce and shopping over the past month to $203 million. The local commerce and shopping industry has produced 203 funding rounds over the past year, securing a total of $3.9 billion in venture funding.
In other local funding news, lending and credit company Climb Credit announced a $9.8 million Series A funding round on June 26, led by Third Prime.
According to Crunchbase, "Climb Credit finances education that works. They identify schools that consistently improve their graduates' earning potential and justify the cost of their tuition. They then provide simple, fast, and affordable loans to their students to help them meet their career and financial goals."
Founded in 2014, the company has raised three previous rounds, including a $50 million debt financing round earlier this year.
Meanwhile, renewable energy company EMPEQ raised $100,000 in grant funding, announced on June 26. The round was financed by the New York State Energy Research and Development Authority.
According to the company's Crunchbase profile, "EMPEQ provides modern energy equipment to small and midsize businesses. "
EMPEQ last raised convertible note funding in 2018.
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