Unrivaled announces fundraiser that sets league valuation at $650 million

Unrivaled, a professional three-on-three women's basketball league, recently announced a fundraising effort that has set the league's valuation at $650 million. According to Alex Bazzell, the league's president, this Series C funding is more substantial than all previous investments combined. Bazzell anticipates this will bolster the league, which is set to commence its third season.

The league's valuation, an estimate by the organization, stems from contributions from notable players like Breanna Stewart and Napheesa Collier, whose compensation includes equity. After this investment round, players remain the primary shareholders, with their equity pool now valued at nearly $200 million. Major investors, including Ten Pillar Sports Fund and sports stars such as Carmelo Anthony and Trae Young, have contributed to this funding.

The league's estimated valuation surpasses that of each WNBA team, except Golden State Valkyries, according to Sportico's 2026 WNBA valuation ranking. Unrivaled, renowned for its thrilling gameplay, offers players an additional advantage: ownership in the league. UC Investment's chief investment officer, Jagdeep Singh Bachher, expressed enthusiasm about this momentum.

The new funding coincides with the league's upcoming season, starting on January 8. Despite not increasing teams or competition hours this season, Unrivaled plans to expand its roster spots in Season 4. The league is currently under a six-year media rights deal with TNT, and the 2026 season may see a move away from their current venue, Sephora Arena in Medley, Fla.