Unrivaled, the 3-on-3 women’s basketball league that launched in 2025, announced a Series C funding round Tuesday, securing more than $100 million in funding that values the league at $650 million.
The league has nearly doubled its valuation in a year; It was valued at $340 million in September after closing a series B funding round. The fundraising around was led by Ten Pillars Sports Fund, backed by UC Investments, and also included reinvestments from notable sports figures Carmelo Anthony, Geno Auriemma, Trae Young, Alex Morgan, and Trybe Ventures.
In comparison, the Connecticut Sun, the most recent WNBA franchise sold, was purchased for $300 million earlier this year. The Golden State Valkyries are the highest-valued WNBA team at $1 billion, according to CNBC projects released in May.
“I think this is a testament to how quickly the space is evolving and growing, but also to the incredible foundation that we’ve built,” Unrivaled co-founder Alex Bazzell told Front Office Sports. Bazzell co-founded the league with WNBA stars Breanna Stewart and Napheesa Collier, who is also his wife.
Unrivaled also announced that the portion of the company owned by players is valued at nearly $200 million, about 30% of the company. The league says the player equity pool has increased 550% since it was launched.
