Unrivaled Basketball, the women’s professional league co‑founded by WNBA veterans Napheesa Collier and Breanna Stewart, announced this week that it has closed an oversubscribed Series C round raising more than $100 million, a transaction that values the company at $650 million.
Founding Vision and Early Momentum
The financing follows a $340 million Series B investment in September 2025 and marks a 550 percent increase in the league’s equity pool, now valued at nearly $200 million.
Ten Pillars Sports Fund and UC Investments led the round, with additional participation from investors such as Carmelo Anthony and Ashton Kutcher, underscoring confidence in the league’s trajectory.
Equity and Player Empowerment
Unrivaled has built a player equity pool that now stands at nearly $200 million, giving athletes ownership stakes alongside competitive salaries, benefits and a share of the league’s success.
Expansion and Market Reception
The league expanded to eight teams and 54 players ahead of schedule for its second season, drawing record attendance at venues including the Xfinity Mobile Arena in Philadelphia and generating strong ticket, merchandise and digital engagement.
A National Broadcast Milestone
The third season, slated to begin in January 2027, will air nationally on TNT Sports, featuring confirmed stars such as Gabby Williams and Olivia Miles and is expected to broaden the fan base.
The fresh capital will be directed toward player ownership initiatives, enhancements to fan experiences and the development of infrastructure that can sustain long‑term growth, positioning Unrivaled as a catalyst for the future of women’s basketball.