Unrivaled Women's Basketball League Raises $28 Million

Unrivaled, a new women's professional 3×3 basketball league co-founded by WNBA stars Breanna Stewart and Napheesa Collier, has successfully closed a Series A funding round, raising $28 million, bringing total funding for 2024 to $35 million. The round was led by the Berman family and included high-profile investors such as NBA champion Giannis Antetokounmpo and Olympian Michael Phelps. Unrivaled aims to revolutionize women's basketball by providing players with equity and ensuring their salaries reflect their performance, which contrasts with the lower salaries seen in the WNBA. Scheduled to begin on January 17, 2025, the league has signed 36 top players and secured media rights with Warner Bros. Discovery to broadcast games. The league also boasts Under Armour as its official uniform partner, further solidifying its market presence. With a focus on enhancing visibility and financial stability for female athletes, Unrivaled looks to set a new standard in women's sports.