Levr Bet

Levr Bet, based in Costa Rica, operates a cutting-edge sports betting platform that integrates leverage and cryptocurrency transactions, providing users with innovative betting experiences and enhanced engagement during live sports events. Founded in 2023 and headquartered in San Jose, Costa Rica, Levr Bet specializes in a unique sports betting platform. The company has completed one funding deal as of August 2025, raising USD 3. 000 mn in a funding round co-led by Blockchain Capital and Maven11 Capital.

The latest funding round has brought the total amount raised by the company to USD 3. 000 mn. Levr Bet offers a unique sports betting platform that integrates leveraged betting and cryptocurrency transactions. The core of their services includes an innovative betting model that allows users to engage in live sports betting with multipliers of up to 5x on their positions.

The platform incorporates the MVP Vault, which mitigates risk exposure by acting as a counterparty to all bets, and an Oracle-Driven Liquidation Engine that provides real-time odds updates based on game events. This technology supports high-frequency betting, allowing users to enter and exit positions instantly throughout a sporting event. Levr Bet targets markets in regions where cryptocurrency and decentralized finance (DeFi) are gaining traction, although it is not accessible to participants in the USA or jurisdictions with prohibitive regulations. Levr Bet's revenue structure is designed around transaction fees associated with its unique betting model.

Users can engage in both pre-game and in-game betting, with the potential for increased earnings through leveraged multipliers. The platform's Hybrid Fee Structure significantly reduces the vigorish (VIG), enabling bettors to maintain a competitive edge over traditional sportsbooks. Revenue is generated through user transactions, where each bet placed incurs a fee based on the platform's pricing plans. The company promotes its services through various channels, aiming to acquire a diverse client base of sports bettors interested in enhanced leveraging opportunities and real-time betting experiences.

In August 2025, Levr Bet raised USD 3. 000 mn in venture funding to support its future growth initiatives. The company plans to enhance its platform with new products designed to further streamline user engagement and betting experiences. Additionally, Levr Bet aims to expand into new markets, focusing on regions where cryptocurrency adoption is increasing, to be strategically positioned for growth by 2026.

The recent funding will be utilized to advance product development and market entry strategies.