Unrivaled Women's Basketball League Raises $28 Million

Unrivaled, a new women's 3-on-3 basketball league co-founded by WNBA stars Breanna Stewart and Napheesa Collier, has successfully raised $28 million in its Series A funding round, bringing total investment to $35 million after an earlier $7 million seed round. The funding was led by the Berman family and included notable investors such as Giannis Antetokounmpo, Michael Phelps, and Linda Henry of Fenway Sports Group. This investment underscores the growing momentum for women's sports, with Unrivaled set to begin its inaugural season on January 17, 2025, featuring a roster of 36 players, all of whom will receive equity in the league. Unrivaled aims to provide WNBA players with a domestic platform during the offseason and address pay disparities compared to their male counterparts. The league has secured a multi-year media rights partnership with Warner Bros. Discovery, enhancing its visibility and reach. Notable players committed for the first season include Stewart, Collier, and rising star JuJu Watkins.