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The unique women’s basketball league has closed the $28 million series A


Chicago Sky head coach Teresa Weatherspoon calls out to the players during the first half of the team’s WNBA basketball game against the New York Liberty on May 23, 2024 in New York.

Frank Franklin II | AP

Startup basketball league Unrivaled announced Monday that it closed a Series A funding round, raising an additional $28 million. before its inaugural season.

“Our players haven’t even taken the court yet and the foundation we’re building with our partners brings together unmatched experience, strategic vision and a unique product,” said Peerless President Alex Bazzell in a press release. “Together, we are setting a unique stage for the coming years.”

The women’s 3×3 hoops league already raised $7 million a round seed announced in May, meaning the league has received a total of $35 million in 2024. The latest round was led by the Berman family and featured NBA champion Giannis Antetokounmpo and 28-time Olympic champion Michael Phelps, among others.

Unrivaled was founded in 2023 by WNBA stars Breanna Stewart and Napheesa Collier, and the player-owned organization announced in a press release that Unrivaled will give every player “equity and a vested interest in their success.”

The league has signed 36 major players and is said to offer the highest average salaries in the women’s professional sports league.

The National Women’s Basketball Association, on the other hand has seen exponential growth in recent years, budding superstars Caitlin Clark and Angel Reese he received basic wages over $70,000, compared to budding stars He received millions in his first year in the National Basketball Association.

Unrivaled announced the signing last week Under Armour as his partner in official uniform. He has also signed an exclusive multi-year media rights deal Warner Bros. the discovery to take off his games TNT and truTV, as well as the streaming platform Max. WBD participated in the Series A financing round, the league said Monday.

The round also included private investor Marc Lasry, University of South Carolina women’s basketball coach Dawn Staley and USC guard JuJu Watkins. Previous investors include soccer phenom Alex Morgan and actor and investor Ashton Kutcher.

The inaugural season begins on January 17th.



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