Unrivaled hits staggering $650 million valuation on heels of sold-out tour

Key Points:

• Unrivaled, a 3-on-3 women’s basketball league co-founded by Breanna Stewart and Napheesa Collier, has reached a $650 million valuation after its latest funding round, nearly doubling its value since last September.
• New investors include billionaire Jenny Just and Ten Pillars Sports Fund, alongside continued support from prominent figures such as Geno Auriemma, Carmelo Anthony, Alex Morgan’s Trybe Ventures, and Trae Young.
• The league, launched in January 2025 to offer WNBA players a domestic offseason opportunity, continues to expand its Miami campus and successfully held sold-out tour stops in Philadelphia and Brooklyn last season.
• Unrivaled’s compensation model includes player ownership, with the player equity pool increasing over 550% in three years and now valued close to $200 million, making players the league’s largest shareholder group.
• Facing new competition from Project B launching this December, Unrivaled aims to leverage strong investor and fan support to build on its success and impact within the women’s basketball ecosystem.