Levr Bet Secures $3M to Build Leveraged Sports Betting Platform on Monad Blockchain

Levr Bet has secured a $3 million funding round to develop its leveraged sports betting platform on the Monad blockchain, with Blockchain Capital and Maven 11 as lead investors [1]. This brings the startup’s total funding to $5.3 million since 2024, following an earlier Pre-Seed round led by Third Earth Capital and supported by other crypto-focused firms such as Big Brain, DeWhales Capital, FunFair Ventures, and Chorus One [1].

The platform has demonstrated strong user engagement during its testnet phase. In under six months, Levr Bet has recorded over 5 million bets placed by more than 600,000 unique wallets [1]. The platform has particularly seen increased activity around major sporting events, including the 2025 NFL Super Bowl and NCAA March Madness [1]. During this time, Levr Bet has positioned itself as the most active decentralized sports betting platform on the Monad testnet.

According to Keone Hon, Co-Founder and General Manager of the Monad Foundation, Levr Bet exemplifies how blockchain technology can deliver scalable real-world utility through decentralized applications [1]. Hon highlighted the platform's ability to handle millions of bets and engage a large user base, signaling its potential for broader adoption once the mainnet launches.

Sterling Campbell, an investor at Blockchain Capital, emphasized the platform’s unique value proposition by combining the appeal of sports betting with the efficiency and transparency of onchain leverage [1]. He noted that prediction markets and perpetual trading are still in early stages of mainstream adoption and that Levr Bet could play a key role in bridging that gap.

Levr Bet has also garnered recognition within the broader crypto space. It placed third at the inaugural Monad Madness competition in Fall 2024 and was a finalist in the TOKEN2049 Singapore NEXUS Startup Pitch competition [1]. The company is now expanding its sports market offerings beyond MLB, NFL, and NBA to include soccer and cricket, with further diversification of bet types planned as the Monad mainnet approaches.

The startup aims to redefine the sports betting industry by introducing leveraged betting, improved odds, and an in-game orderbook-based exchange [1]. Its platform merges the best features of sports betting with on-chain perpetual trading, offering a novel decentralized finance experience.

The latest funding round underscores the growing interest in blockchain-based betting solutions. Levr Bet joins a list of Monad-based apps that have recently raised significant capital, including Kuru, Perpl, FortyTwo, and Opinion Labs [1].

Source: [1] Levr Bet Raises $3M for Leveraged Sports Betting on Monad, Led by Blockchain Capital and Maven 11 (https://coinmarketcap.com/community/articles/6894baa93b1ad60188453083/)