Unrivaled increases valuation to $340m after Series B funding round

Unrivaled, the 3×3 professional women’s basketball league that launched in the US earlier this year, has been valued at $340 million following a Series B investment round.

The league announced the closure of its oversubscribed Series B funding round yesterday, led by Bessemer Venture Partners.

Among the notable investors joining this round is Serena Ventures, the venture capital firm owned by tennis legend Serena Williams, with media giant Warner Bros. Discovery (WBD) and former US women’s soccer star Alex Morgan's Trybe Ventures building on their previous investments in the league.

Alex Bazzell, Unrivaled president, said: “We're continuing to align with partners who elevate our league and accelerate our strategic growth. With Bessemer Venture Partners leading this round, Unrivaled is in an unprecedented position for a new sports league.

“Bessemer's world-class leadership, combined with the collective influence of our entire investor group, amplifies our mission and pushes the industry forward. This rise in Unrivaled's valuation reflects investor confidence and proves that athlete-driven models can thrive at the highest levels of business.”

Unrivaled's Series B round also includes investment from NBA players Trae Young, Franz Wagner, and Moritz Wagner, University of Maryland president Darryll J. Pines and Sylvia Pines, sports executive Sam Rapoport, and the Next Legacy Partners investment firm.

Caty Rea, vice president at Bessemer Venture Partners, added: “At Bessemer, we've had the privilege of backing many category-defining companies, and we believe Unrivaled is building the next great sports league.

“What impressed us most is the league's outstanding business performance—achieving both rapid growth and impressive unit economics in its first year of operations—alongside its focus on both athlete advocacy and extraordinary fan engagement. We're thrilled to partner with Unrivaled to take the league to the next level.”

Unrivaled’s oversubscribed Series A investment round last December included several high-profile athlete investors such as NBA superstars Stephen Curry and Giannis Antetokounmpo, and tennis star Coco Gauff.

The Berman Family led the Series A funding round. It included investments from Linda Henry, co-owner/chief executive of Boston Globe Media and partner at Fenway Sports Group, Olympic gold medalist Michael Phelps, three-time NCAA champion head coach Dawn Staley, and WBD.

That round also included investment from the Avenue Sports Fund, the sports investment arm of the Avenue Capital group, led by Marc Lasry.

The league’s investor group already features several former US athletes such as Megan Rapinoe, Carmelo Anthony, and Steve Nash, as well as businessman Gary Vaynerchuk and media executives Ann Sarnoff, John Skipper, and David Levy.

Unrivaled, founded by WNBA stars Breanna Stewart and Napheesa Collier, will tip off its second season in January 2026.

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