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Unrivaled Women's Basketball League Is Valued at $650 Million After New Funding Round
The oversubscribed round was led by Ten Pillars Sports Fund and pushed the player equity pool to nearly $200 million, the league said.
- On Wednesday, the 3-on-3 women's basketball league Unrivaled announced a Series C funding round valuing the company at $650 million, led by Ten Pillars Sports Fund, which surpassed the league's initial $100 million target.
- Founded in 2023 by co-founders Napheesa Collier and Breanna Stewart, the league has experienced rapid financial growth, with revenue reaching an estimated $45 million in its second season, up from $27 million during the inaugural year.
- A core element of the business model is the player equity pool, which has increased 550% since launch and is now worth nearly $200 million, providing participating players with equity opportunities alongside competitive salaries.
- Unrivaled president Alex Bazzell confirmed the league will expand tour stops for the third season, which tips off in early January 2027, with 95% of rosters already signed for 2027.
- Investors including UC Investments, Carmelo Anthony, and Ashton Kutcher participated in the round, reflecting support for the 'player-first' model, while the league maintains a six-year media rights deal with TNT for national broadcasts.
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11 Articles
11 Articles
Unrivaled’s Valuation Jumps to $650 Million Before Third Season
Unrivaled, the 3-on-3 women’s basketball league founded by WNBA stars Breanna Stewart and Napheesa Collier, closed a Series C funding round led by Ten Pillars Sports Fund that surpassed $100 million.
·New York, United States
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Women’s Basketball League Unrivaled Raises More Than $100 Million From Carmelo Anthony, Ashton Kutcher, Alex Morgan, University of California Fund and More
The Unrivaled women's basketball league raised more than $100 million in Series C funding from Carmelo Anthony, Ashton Kutcher, Alex Morgan and the University of California's investment arm valuing the league at $650 million.
·Los Angeles, United States
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UNRIVALED OVERSUBSCRIBES SERIES C FUNDRAISE LED BY TEN PILLARS SPORTS FUND, EXCEEDING $100 MILLION TARGET AT NEW LEAGUE VALUATION OF $650 MILLION
/PRNewswire/ -- Today, Unrivaled announced its Series C fundraise led by Ten Pillars Sports Fund (backed by UC Investments) has surpassed an initial $100...
·Chicago, United States
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Coverage Details
Total News Sources11
Leaning Left4Leaning Right1Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 36%
C 55%
Factuality
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