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Unrivaled, a 3-on-3 women's basketball league, has raised $106 million in new funding and now is valued at around $650 million.
Why it matters: This should let Unrivaled both build out its home arena experience in Miami and quadruple its number of road shows.
The big picture: Star players have flocked to Unrivaled because it offers high salaries for short seasons — an attractive alternative to playing overseas.









