TechFlow News — BikeRush, a Ride-to-Earn cycling project, has announced the completion of its second funding round totaling $6.5 million, led by Negentropy Capital, with participation from BlockDesk Ventures, Vingo Capital, and Dubai-based Kasan Amina Family Fund.
The funding was secured prior to the product launch and will be primarily allocated toward expanding the R&D team, marketing and brand promotion, and community development.
On April 13, Negentropy Capital announced a $1.5 million seed investment in BikeRush, marking the first venture funding for Europe’s first Ride-to-Earn cycling initiative.
BikeRush is a Web3 fitness DApp featuring Ride-to-Earn mechanics, scheduled for global release in early May, with plans to airdrop ten thousand green bicycle NFTs to the global cycling enthusiast community by the end of April.
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