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- Unrivaled
Unrivaled Valuation, Funding & Investors
Unrivaled is valued at $650M as of August 2026.
Last Unrivaled valuation
$650M
Series C · Aug 2026
Last Unrivaled funding round
$106M
Series C · Aug 2026
Cumulative funding Unrivaled raised
$141M
across 4 funding rounds
Key investors in Unrivaled
Trybe Ventures
Bessemer Venture Partners
Warner Bros. Discovery
Ashton Kutcher
Carmelo Anthony
Trae Young
About Unrivaled
Unrivaled is an American professional women's three-on-three basketball league based in Miami, Florida. WNBA stars Napheesa Collier and Breanna Stewart founded it in 2023 to give top players a domestic off-season league; players earn a minimum six-figure salary and share an equity pool, and the salary pool for the 2025 season was $8 million. The first season, with six clubs and 36 players, opened in January 2025 in Medley, near Miami; the 2026 season expanded to eight clubs and 54 players and took games on the road, drawing a record 21,490 fans in Philadelphia and a sell-out at Barclays Center in Brooklyn. Games use a 72-foot court, an 18-second shot clock and a target-score fourth period, and air on TNT, truTV and HBO Max. The league earns revenue from media rights, sponsorships such as Ally Financial and Under Armour, ticketing and merchandise. After raising more than $35 million in seed and Series A funding in 2024, it was valued at $340 million after a Series B led by Bessemer Venture Partners in September 2025, and in August 2026 closed an oversubscribed Series C of more than $100 million, led by Ten Pillars Sports Fund, at a $650 million valuation.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales, Advertising
Valuation
$650M (Aug 2026)
Unrivaled Valuation
Unrivaled is currently valued at $650M, based on its Series C in August 2026. Read the announcement ↗
The $106M round included Ashton Kutcher, Trae Young, UC Investments, Carmelo Anthony, Bessemer Venture Partners and 2 other investors.
Unrivaled's valuation has grown 1.9x from $340M at its Series B in September 2025 to $650M in August 2026, across 2 priced rounds.
Unrivaled valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2026 | Series C | $650M |
| Sep 2025 | Series B | $340M |
Unrivaled Funding History
Unrivaled has raised a total of $141M across 4 funding rounds.
Unrivaled's first fundraising round was a $7M undisclosed-stage round in May 2024. The most recent completed round was a $106M Series C in August 2026.
Unrivaled funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Series C | Ashton Kutcher; Trae Young; UC Investments; Carmelo Anthony; Bessemer Venture Partners; Trybe Ventures; Berman Family | $106M | $650M | Unrivaled, the three-on-three professional women's basketball league, announced on 26 August 2026 that its Series C fundraise, led by Ten Pillars Sports Fund, had passed its initial US$100 million target and was oversubscribed at a league valuation of US$650 million. Ten Pillars Sports Fund is backed by UC Investments, which manages the University of California system's investment funds. Other participants included Carmelo Anthony, Geno Auriemma, the Berman Family, Bessemer Venture Partners, Jenny Just, Ashton Kutcher, Alex Morgan and Trybe Ventures, Dan Rosensweig and Trae Young, and Warner Bros. Discovery remained an existing investor. Unrivaled president Alex Bazzell said the Series C was larger than all of the league's previous funding combined, and the valuation nearly doubled the US$340 million set by the Series B led by Bessemer in September 2025. The league said the value of its player equity pool had risen more than 550% since launch to close to US$200 million, about 30% of the company, and co-founder Breanna Stewart said the raise reflected investor confidence in a league where players hold a real stake. Inner Circle Sports advised the league on the fundraise. Unrivaled was co-founded in 2023 by Breanna Stewart and Napheesa Collier, is based in Miami, expanded to eight clubs and 54 players for its second season in 2026, and airs nationally on Warner Bros. Discovery's TNT Sports under a six-year media-rights deal. It earns revenue from media rights, sponsorship, ticketing and merchandise. |
| Sep 2025 | Series B | Bessemer Venture Partners (lead); Warner Bros. Discovery; Trae Young; Trybe Ventures; Serena Ventures | - | $340M | Unrivaled, the three-on-three professional women's basketball league, announced on 8 September 2025 the close of an oversubscribed Series B round led by Bessemer Venture Partners, which valued the league at US$340 million. The size of the round was not disclosed. Serena Williams' Serena Ventures joined as a new investor, and existing backers Warner Bros. Discovery and Alex Morgan's Trybe Ventures returned, alongside individual investors including Atlanta Hawks guard Trae Young, Orlando Magic players Franz and Moritz Wagner and sports executive Sam Rapoport. Unrivaled president Alex Bazzell said Bessemer's leadership and the wider investor group would push the league forward, and Bessemer said it believed Unrivaled was building the next great sports league. The round followed the league's first season, which began in January 2025 on TNT Sports, and preceded an expansion from six to eight clubs for the second season in January 2026. The valuation rose from the pre-launch rounds, a US$7 million seed in May 2024 and a US$28 million Series A in December 2024. Unrivaled was co-founded in 2023 by Breanna Stewart and Napheesa Collier, is based in Miami and is player-owned, with participating players receiving equity; it earns revenue from media rights, sponsorship, ticketing and merchandise. |
| Dec 2024 | Series A | Berman Family (lead); Warner Bros. Discovery; Avenue Capital Group; Marc Lasry; Giannis Antetokounmpo | $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. |
| May 2024 | Undisclosed stage | Ashton Kutcher; Alex Morgan; John Skipper; Carmelo Anthony; Gary Vaynerchuk; Trybe Ventures | $7M | - | Unrivaled, the three-on-three professional women's basketball league co-founded by WNBA players Breanna Stewart and Napheesa Collier, announced its seed investor group on 30 May 2024, alongside plans to offer the highest average salary in women's professional sports league history. The league later disclosed that the seed round raised US$7 million. The investor group was brought together by US soccer captain Alex Morgan through her firm Trybe Ventures and included Megan Rapinoe, Steve Nash, Michelle Wie West and Cleveland Cavaliers general manager Koby Altman. Sports media executives John Skipper, former president of ESPN, and David Levy, former president of Turner, also invested and were to lead the league's media-rights work. Other seed investors included Carmelo Anthony, Geno Auriemma, Gary Vaynerchuk, Ashton Kutcher, Dan Rosensweig, Moira Forbes, Ann and Richard Sarnoff and Tyus and Tre Jones, and Accelerate Sports acted as the league's investment bank. Many of these investors put more money into the league's US$28 million Series A in December 2024, taking total funding before the first season to US$35 million. Unrivaled was founded in 2023, is based in Miami and launched in January 2025 with six teams playing a compressed full-court 3-on-3 format; every participating player receives equity in the league. It earns revenue from media rights, sponsorship and ticketing. |
Who has invested in Unrivaled?
15 investors have backed Unrivaled across its funding rounds, including Trybe Ventures, Bessemer Venture Partners, Warner Bros. Discovery, Ashton Kutcher, Carmelo Anthony and Trae Young.
Lead investors include Bessemer Venture Partners and Berman Family.
Unrivaled Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | May 2024 | ||
| 2 | Participant | Dec 2024 | ||
| 2 | Participant | May 2024 | ||
| 2 | Participant | Sep 2025 | ||
| 2 | Participant | May 2024 | ||
| 2 | Lead | Sep 2025 | ||
| 2 | Lead | Dec 2024 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Dec 2024 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Dec 2024 | ||
This data is available for Pro users. Sign up to see all 15 Unrivaled investors. Start Free Trial | ||||
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Start Free TrialUnrivaled Competitors
Unrivaled competitors include listed companies like Ollamani and Parken Sport, and private ones like Suning Sports, WTA, TMRW Sports and Premiership Rugby.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.6B | - | ||
| Publicly listed | $345M | $35M | $684M | 2.0x | ||
| Private | $143M | - | $750M | 5.2x | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $944M | - | ||
| Publicly listed | $282M | $84M | $359M | - |
Unrivaled Public Comps
Unrivaled is still privately-owned, but its public comps include Ollamani, Nesco, Fiera Milano, Juventus FC, Cannae Holdings, Maoyan Entertainment, FS Development Investment, Funshine Culture Group, Borussia Dortmund and Beijing Jingxi.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $345M | $35M | 2.3x | 2.0x | 22.5x | 11.4x | |||
| $98M | $53M | 7.0x | 7.0x | 12.9x | 13.1x | |||
| $425M | $146M | 1.8x | 1.7x | 5.2x | 6.0x | |||
| $584M | $121M | 1.9x | 2.1x | 9.2x | 9.8x | |||
| $424M | ($162M) | 2.0x | 2.1x | (5.1x) | (15.6x) | |||
| $696M | $125M | 0.0x | 0.0x | 0.0x | 0.0x | |||
| $153M | ($17M) | 3.3x | - | (30.7x) | - | |||
| $36M | $1M | 12.2x | - | 314.6x | - | |||
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 $650M in its Series C in August 2026. |
| How much funding has Unrivaled raised? | Unrivaled has raised $141M across 4 funding rounds. |
| What was Unrivaled's last funding round? | Unrivaled's last funding round was a $106M Series C in August 2026. |
| Who are Unrivaled's investors? | Unrivaled's investors include Trybe Ventures, Warner Bros. Discovery, Ashton Kutcher, Trae Young, Carmelo Anthony, Bessemer Venture Partners, Berman Family, Alex Morgan, UC Investments, John Skipper and 5 others. |
| Which companies are comparable to Unrivaled? | Companies comparable to Unrivaled include Suning Sports, Ollamani, WTA, TMRW Sports, Premiership Rugby and Parken Sport. |
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