Unrivaled women's basketball league secures $650M valuation after second season

Unrivaled announced a valuation of $650 million following an investment round that exceeded its initial target of $100 million. This marks a significant increase from the $340 million valuation reported in September 2025. The Series C funding, led by Ten Pillars Sports Fund, included notable investors such as Carmelo Anthony and Trae Young. The league, co-founded by Napheesa Collier and Breanna Stewart, expanded to eight clubs and 54 players in its second season, with a player equity pool valued at nearly $200 million. The league's growth continues to signal a positive trend for women's basketball, attracting large crowds and selling out events.

• 12:04 PMYahoo Sports — Unrivaled announces $650M valuation after second season