Unrivaled Revenue, Valuation, Funding & Investors
Unrivaled is valued at $340M as of October 2024, a 11.3x multiple on its last reported $30M revenue.
Last Unrivaled valuation
$340M
Strategic investment · Oct 2024
Last Unrivaled funding round
$106M
Undisclosed stage · Aug 2026
Unrivaled revenue
$30M
Strategic investment · Oct 2024
Key investors in Unrivaled
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Berman FamilyTNT Sports
About Unrivaled
Unrivaled is a professional women's three-on-three basketball league. Launched in 2024 by Napheesa Collier and Breanna Stewart, it fields six teams in a Florida bubble from January to March. Players earn six-figure salaries and equity, competing on a 70-foot court with continuous play and a race-to-20 final period.
Founded
2023
HQ
Miami, FLWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales, Advertising
Revenue
$30M (Oct 2024)
Valuation
$340M (Oct 2024)
Unrivaled Valuation
Unrivaled is currently valued at $340M, based on its strategic investment round in October 2024.
The $16M round was led by TNT Sports.
Unrivaled valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2024 | Strategic investment | $340M | 11.3x |
Unrivaled Revenue
Unrivaled's latest recorded revenue is $30M, as of its strategic investment round in October 2024. At a $340M valuation, that implies a 11.3x revenue multiple.
Unrivaled revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2024 | $30M | $340M | 11.3x | Strategic investment |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Unrivaled Funding History
Unrivaled has raised a total of $150M across 3 funding rounds.
Unrivaled's first fundraising round was a $16M strategic investment round in October 2024. The most recent completed round was a $106M undisclosed-stage round in August 2026.
Unrivaled funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Undisclosed stage | - | $106M | - | - |
| Dec 2024 | Series A | Berman Family (lead) | $28M | - | Unrivaled is a professional women's basketball league founded in 2023 by WNBA stars Napheesa Collier and Breanna Stewart, featuring a player-owned model with equity opportunities for participants. The league adopts an innovative 3-on-3, compressed full-court format designed for WNBA players during their off-season, aiming to launch its inaugural season in January 2025 with six teams and top women's basketball talent. Based in Miami, it seeks to capitalize on the surging popularity of women's sports and address pay disparities relative to the NBA. On December 16, 2024, Unrivaled closed an oversubscribed $28 million Series A funding round led by the Berman Family, bringing total capital raised to $35 million including a prior $7 million seed round from May 2024. Investors include high-profile names such as NBA star Giannis Antetokounmpo, Olympic swimmer Michael Phelps and his wife Nicole, South Carolina coach Dawn Staley, USC guard JuJu Watkins, Fenway Sports Group partner Linda Henry, former Milwaukee Bucks owner Marc Lasry via Avenue Sports Fund, Warner Bros. Discovery, and others like Alex Morgan, Carmelo Anthony, and Geno Auriemma who participated in earlier rounds. Accelerate Sports served as the investment bank. The funding supports preparations for the league's debut amid growing momentum in women's sports, with strategic partnerships including a multi-year media rights deal with Warner Bros. Discovery. Investors highlight Unrivaled's innovative business model and positioning within the expanding sports ecosystem. |
| Oct 2024 | Strategic investment | TNT Sports (lead) | $16M | $340M | Unrivaled is a 3-on-3 women's basketball league founded by WNBA stars Napheesa Collier and Breanna Stewart, featuring athlete-centered storytelling, shortened format, and player-driven pop culture. The league aired games on TNT and truTV, averaging 221,000 viewers per game in its first season, generating 11.9 million total viewers, 589 million social media impressions, and over seven figures in ticket sales. Unrivaled closed an oversubscribed Series B funding round in September 2025 led by Bessemer Venture Partners, achieving a $340 million valuation, nearly 10x its May 2024 seed valuation. New investors included Serena Ventures, Warner Bros. Discovery, Alex Morgan’s Trybe Ventures, NBA players Trae Young, Franz Wagner, and Moritz Wagner, among others. Prior funding included $7 million seed in May 2024, $35 million pre-season, and $28 million Series A in December 2024. In its inaugural season ending March 2025, Unrivaled generated $30 million in revenue, double projections, primarily from media rights with TNT Sports and sponsorships including Sephora, Ally Financial, Under Armour, Wayfair, and Samsung Galaxy. The league nearly broke even, exceeded financial expectations ahead of schedule, shortening its five-year roadmap to three years, and plans to add teams like Breeze BC and Hive BC plus a development pool. |
Who has invested in Unrivaled?
2 investors have backed Unrivaled across its funding rounds, including Berman Family and TNT Sports.
Lead investors include Berman Family and TNT Sports.
Unrivaled Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialUnrivaled Competitors
Unrivaled competitors include listed companies like Parken Sport and Enhanced Group, and private ones like Suning Sports, Kunlun Fight, Professional Fighters League and TMRW Sports.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Nanjing | Private | - | - | $2.6B | - | |
| Beijing | Private | - | - | $350M | - | |
 Denmark | Publicly listed | $290M | $87M | $305M | - | |
| New York City, NY | Private | $100M | - | $500M | - | |
| Orlando, FL | Private | - | - | $500M | - | |
| United States | Publicly listed | - | ($27M) | $199M | 5.8x |
Unrivaled Public Comps
Unrivaled is still privately-owned, but its public comps include Fenerbahce SK, Falcons Beyond Global, Avex, Olympique Lyon, Parken Sport, Borussia Dortmund, Galatasaray SK, PIA, Beijing Jingxi and MCH Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $176M | $17M | 2.3x | - | 22.9x | - | |||
| $15M | $10M | 24.2x | - | 36.0x | - | |||
| $942M | $40M | 0.2x | 0.2x | 3.6x | - | |||
| $187M | ($101M) | 6.1x | - | (11.3x) | - | |||
| $290M | $87M | 1.6x | - | 5.5x | - | |||
| $606M | $133M | 0.7x | 0.8x | 3.1x | 3.6x | |||
| $227M | $20M | 1.4x | - | 16.5x | - | |||
| $356M | $46M | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Unrivaled competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Unrivaled
| When was Unrivaled founded? | Unrivaled was founded in 2023. |
| Where is Unrivaled headquartered? | Unrivaled is headquartered in Miami, FL, United States. |
| Is Unrivaled publicly listed? | No, Unrivaled is a private, VC-backed company. |
| What is Unrivaled's valuation? | Unrivaled was last valued at $340M in its strategic investment round in October 2024. |
| How much funding has Unrivaled raised? | Unrivaled has raised $150M across 3 funding rounds. |
| What was Unrivaled's last funding round? | Unrivaled's last funding round was a $106M undisclosed-stage round in August 2026. |
| Who are Unrivaled's investors? | Unrivaled's investors include TNT Sports and Berman Family. |
| What is Unrivaled's revenue? | Unrivaled's latest recorded revenue is $30M (October 2024). |
| What is Unrivaled's revenue multiple? | Unrivaled's latest valuation implies a 11.3x revenue multiple ($340M valuation on $30M of revenue). |
| Which companies are comparable to Unrivaled? | Companies comparable to Unrivaled include Suning Sports, Kunlun Fight, Parken Sport, Professional Fighters League, TMRW Sports and Enhanced Group. |
See companies similar to Unrivaled
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