Business & Finance
Women's basketball league Unrivaled reaches $650 million valuation after Series C round
The 3-on-3 league surpassed its $100 million funding target ahead of its third season.
The short version
- Unrivaled raised over $100 million in an oversubscribed Series C funding round, pushing its valuation to $650 million.
- The player equity pool in the league expanded by over 550% since launch and is currently valued at nearly $200 million.
- The financing was led by Ten Pillars Sports Fund and UC Investments, alongside several prominent celebrity and athlete investors.
- Unrivaled plans to begin its third season in January and will host eight tour stops during the 2027 season.
Key facts
- Unrivaled completed an oversubscribed Series C funding round that exceeded its $100 million goal and brought its valuation to $650 million.[Variety · Associated Press]
- Ten Pillars Sports Fund, supported by UC Investments, led the funding round, which also featured investments from Carmelo Anthony, Ashton Kutcher, and Alex Morgan.[Variety · Associated Press]
- The equity pool allocated to players has risen 550% since inception to a total valuation of nearly $200 million.[Variety · Associated Press]
- The league was established in 2023 by WNBA stars Breanna Stewart and Napheesa Collier and holds a six-year broadcast partnership with TNT Sports.[Variety · Associated Press]