AUrate, a New York-based jewelry startup, secured $2.62m in funding.
Backers included Arab Angel and Victress Capital.
The capital will enable the company to invest in hiring talent necessary to scale and grow the business as well as expand AUrate’s offerings.
Launched in December 2015 by co-founders and co-CEOs Bouchra Ezzahraoui and Sophie Kahn, AUrate has built a brand focused on products with minimal, clean aesthetic.
All of the company’s jewelry is gold, ethically sourced, and made in New York City, allowing the team to manage the entire lifecycle of their jewelry production process. In addition to providing opportunities to NY-based artisans they partner with, AUrate gives back to Charter schools. With their ‘A Book For Your Look’ program, AUrate donates a book for every piece of jewelry purchased to an economically underprivileged child.
The majority of their donations go to Mastery Charter schools and the Bowery Mission Women’s Center. To date, AUrate has donated more than 5,000 books, a direct reflection of over 5,000 pieces of jewelry sold.