Unrivaled women’s basketball league is valued at $650 million after new funding round
Summary
The Unrivaled women’s 3-on-3 basketball league is now valued at $650 million after raising new funds, nearly doubling its value from a year ago. The league’s players own a part of the company worth about $200 million, and the new investment will help support players, improve fan experience, and grow the league’s future.Key Facts
- Unrivaled’s latest funding round raised enough to value the league at $650 million.
- This new value is almost twice the league’s worth from a year ago.
- Players collectively own a part of the league valued at nearly $200 million.
- The player equity pool has grown by 550% since it started.
- The Series C funding round was led by Ten Pillar Sports Fund and exceeded the $100 million target.
- The league has eight teams and mainly plays in a 1,000-seat arena in Miami.
- Unrivaled has a six-year media deal with TNT for broadcasting games.
- The upcoming season starts in early January, and the league plans to hold eight tour stops in 2027.
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