Unrivaled, the women’s three-on-three basketball league, announced that its Series C fundraise has surpassed an initial $100 million target and is now oversubscribed — valuing the league at $650 million. The funding round was led by Ten Pillars Sports Fund, backed by UC Investments, which manages the University of California system’s investment funds. Other participants in the round included Carmelo Anthony, Geno Auriemma, the Berman Family, Bessemer Venture Partners, Jenny Just, Ashton Kutcher, Alex Morgan and Trybe Ventures, Dan Rosensweig and Trae Young.
Founded in 2023 by women’s basketball stars Napheesa Collier and Breanna Stewart, the league’s third season tips off in January 2027 and will air nationally across Warner Bros. Discovery’s TNT Sports. (WBD is an existing investor in Unrivaled.) According to the league’s founders, a key element of the Unrivaled business model is its “player-first” compensation structure, which provides participating players with equity opportunities in addition to competitive salaries and benefits. Since the league’s formation, the value of the player equity pool has increased more than 550% and is now worth close to $200 million.
Unrivaled was built by players and for players, and their ownership, leadership and ambition continue to drive the league forward and define a new model for the sport.” Unrivaled said its second season was marked by “significant growth across the business,” including in ticketing, merchandise, social and fan engagement, record-setting attendance and continued expansion of the league’s digital ecosystem. In 2026, it expanded to eight clubs and 54 players ahead of schedule. Unrivaled’s sophomore season also included major attendance records as the league took its product on the road for the first – and second – time, playing in front of sold-out crowds at both Xfinity Mobile Arena in Philadelphia and Barclays Center in Brooklyn.
Anyone who’s watched Unrivaled knows this game is every bit as thrilling as any other sport out there. We’re excited to help propel that momentum forward.” Unrivaled’s latest funding round comes after its announcement in May 2024 of an oversubscribed Series B investment in September 2025 that increased the its valuation to $340 million. Early investors in Unrivaled include a notable list of institutional investors, business moguls and sports stars including Giannis Antetokounmpo and Build Your Legacy Ventures, Amy Banse, Dan Benton, Stephen Curry, Moira Forbes, Coco Gauff, Linda Henry, Tyus and Tre Jones, Billie Jean King and Ilana Kloss, David Levy and Horizon Sports & Experiences, Next Legacy Partners, Amy Banse, Ann Sarnoff, Richard Sarnoff, John Skipper, Dawn Staley, Wanda and Alex Sykes, JuJu Watkins, Gary Vaynerchuk and Warner Bros.
The raise undoubtedly marks a significant chapter in the league’s accelerated growth trajectory.”
Extract — continue reading at the source.
