Levr Bet Raises $3M for Leveraged Sports Betting on Monad, Led by Blockchain Capital and Maven 11
Main Idea
Levr Bet has raised $3 million in funding to develop the world's first leveraged sports betting platform on Monad, bringing its total fundraising to $5.3 million since 2024.
Key Points
1. Levr Bet's $3 million funding round was led by Blockchain Capital and Maven 11, with the platform being the first leveraged sports betting exchange on Monad.
2. The sports betting market is projected to reach nearly $95 billion globally by 2029, with Levr Bet already seeing over 600,000 unique wallets placing 5 million bets during its testnet phase.
3. Levr Bet has gained recognition, including winning the TOKEN2049 Singapore NEXUS Startup Pitch competition, and is expanding into soccer, cricket, and new bet types ahead of Monad's mainnet launch.
4. The platform has previously raised funds in a Pre-Seed round led by Third Earth Capital, with backing from investors like Big Brain, DeWhales Capital, and FunFair Ventures.
5. Blockchain Capital, a leading venture firm in blockchain, has invested in over 100 companies and protocols, including recent investments in Kaia, Drift, and Yellow Card.
Description
With over $5M in total funding, Levr has seen 500,000 unique wallets place over 5 million bets in less than 6 months on testnet San Jose, Costa Rica, 7 AUGUST 2025, Levr Bet, today, announced it has completed a $3 million round led by Blockchain Capital and Maven 11 for the world’s first leveraged sports betting platform. Building on Monad, the seed round brings Levr’s fundraising total to $5.3 million since 2024. As the sports betting market continues to surge, expecting to gross nearly $95 bil...
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