The professional women’s basketball league Unrivaled has officially announced that its Series C fundraise, led by Ten Pillars Sports Fund and backed by UC Investments, has surpassed its initial USD100 million (AUD139 million) target to become heavily oversubscribed at a striking new league valuation of USD650 million (AUD904 million).
A cornerstone of the organisation’s disruptive business model is its player-first compensation structure, which provides participating athletes with substantial equity opportunities alongside competitive base salaries and benefits.
As the enterprise continues to scale rapidly across ticketing, merchandise, and digital broadcast ecosystems, the value of the player equity pool has surged by more than 550 percent since inception, now resting at nearly USD200 million (AUD273 million) and cementing athletes as the league’s largest shareholder group.
Sharing the commercial implications of the funding increase, Unrivaled CEO and co-founder, Alex Bazzell, said: “This raise is fueling the next stage of Unrivaled’s growth and expanding our impact across the women’s basketball ecosystem.”
“We’re partnering with investors who share our vision to create lasting value and greater opportunity for the best players in the world, while continuing to elevate the game for fans.
“Unrivaled was built by players and for players, and their ownership, leadership and ambition continue to drive the league forward and define a new model for the sport,” Bazzell stated.
Highlgting the momentum behind women’s professional sport, chief investment officer at UC Investments, Jagdeep Singh Bachher, added: “The moment for women’s sports is here, young people get it.”
“We get it. Anyone who’s watched Unrivaled knows this game is every bit as thrilling as any other sport out there.
“We’re excited to help propel that momentum forward,” Bachher noted.
Emphasising that the capital will directly enhance operation as preparations accelerate for the third season tipping off in January 2027 with national broadcasts across TNT Sports, Co-founder, Breanna Stewart, added: “This raise reflects the confidence investors have in what we set out to build at Unrivaled: a league where the best players in the world have a real stake in the value they create,” Stewart affirmed.
The Series C round attracted a high-profile roster of incoming and returning investors, including Jenny Just, alongside major reinvestments from sports icons and institutional firms such as Carmelo Anthony, Geno Auriemma, the Berman Family, Bessemer Venture Partners, Ashton Kutcher, Alex Morgan and Trybe Ventures, Dan Rosensweig, and Trae Young.
The latest financing milestone follows a highly successful sophomore season that saw the league expand to eight clubs and 54 players, alongside record-breaking attendance figures at sold-out venues in Philadelphia and Brooklyn.
Founded in 2023 by WNBA luminaries Napheesa Collier and Breanna Stewart, the competition was established with a clear mandate to empower athletes as true equity stakeholders, ensuring their voices and ownership positions directly shape the commercial trajectory of the sport.
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