Unrivaled women's basketball league valued at $340M US after landing more celebrity funding

Another group of big-name sports figures have invested in Napheesa Collier and Breanna Stewart's 3-on-3 women's basketball league Unrivaled as it aims to build on its promising inaugural season.

The league announced Monday that it is now valued at $340 million after closing its oversubscribed Series B investment round led by Bessemer Venture Partners — a massive figure for the young league that just wrapped up its first season in March, and a reflection of the increasing momentum and interest in women's sports.

Serena Williams' venture capital firm Serena Ventures came on as an investor, along with Atlanta Hawks star guard Trae Young, Franz and Moritz Wagner of the Orlando Magic, University of Maryland president Darryll J. Pines and his wife Sylvia, and prominent sports executive Sam Rapoport.

Alex Morgan's Trybe Ventures and Warner Bros. Discovery also built on their previous investments in the league.

This round of investments comes after the league said it secured more than $28 million in Series A funding last December to go along with the $7 million raised during its seed round, which was announced in May 2024.

Plenty of other stars invested in Unrivaled ahead of its first season, including NBA stars Stephen Curry, Giannis Antetokounmpo and Carmelo Anthony, decorated coaches Geno Auriemma and Dawn Staley, Coco Gauff, Michael Phelps, Billie Jean King and Wanda Sykes.

"We're continuing to align with partners who elevate our league and accelerate our strategic growth. With Bessemer Venture Partners leading this round, Unrivaled is in an unprecedented position for a new sports league," Unrivaled President Alex Bazzell said in a statement, adding that this round of investment proves "athlete-driven models can thrive at