Levr Bet is a technology company.
Levr Bet has raised $3.0M across 1 funding round.
Levr Bet has raised $3.0M in total across 1 funding round.
Levr Bet has raised $3.0M in total across 1 funding round.
Levr Bet's investors include Blockchain Capital.
Levr Bet is the world's first on-chain leveraged sports betting exchange, blending traditional sports betting with DeFi mechanics to offer up to 5x leverage on pregame and live bets.[1][2][3][4] It serves sports bettors and liquidity providers (LPs) seeking transparent, verifiable wagering with real-time trading of positions, rewards, and lower costs than traditional sportsbooks, solving issues like opaque ledgers, poor liquidity, and limited risk-adjusted returns from parlays.[1][2][4] The platform powers this via LVP Vaults, where LPs deposit stablecoins to earn real-yield from fees, while users bet less to win more amid strong growth, including hundreds of thousands of bets in closed beta and plans for mainnet launch timed to major sports seasons.[2][4]
Founded in 2022, Levr Bet emerged from the intersection of sports betting and DeFi expertise, led by Dillon Berger, former CTO of Caprica AI, which handled over $250 million in sports betting volume the prior year, alongside builders from sports betting and crypto sectors.[2][3] The idea crystallized to decentralize leveraged betting on Avalanche's C-Chain for its speed and low costs, starting with a testnet launch and evolving through partnerships like SQD for real-time data indexing to handle live sports volume spikes.[1][2] Early traction came via closed beta with massive bet volumes, user feedback on speed during events like March Madness, and investments like Blockchain Capital's lead round, positioning it for broader on-chain expansion.[1][4]
Levr Bet rides the convergence of DeFi perpetuals and real-world sports betting, a $100B market projected to hit $187B by 2030, where blockchain fixes legacy pain points like regional locks, slow settlements, and bookmaker advantages.[4] Timing aligns with high-speed L1s like Avalanche and upcoming Monad mainnet, enabling permissionless innovation amid rising on-chain gaming/gambling adoption.[1][2][4] Market forces favoring it include DeFi's liquidity tools, oracle improvements for live odds, and regulatory paths via subnets/licenses, influencing the ecosystem by onboarding millions to DeFi through familiar sports wagering and gamified rewards.[2][4]
Levr Bet is primed for explosive growth with Monad mainnet launch syncing to NFL season, scaling beta traction into full liquidity and global users via tokenomics and LP yields.[4] Trends like AI-driven odds, subnet compliance, and real-yield DeFi will amplify its edge, potentially evolving it into a DeFi sports finance hub that redefines betting exchanges.[1][2] As the pioneer fusing parlays with perps, its transparent model could capture significant share from opaque incumbents, delivering the on-chain sports revolution it set out to build.
Levr Bet has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in August 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2025 | $3.0M Seed | Blockchain Capital |