How Unrivaled is building a $650M women’s basketball league with players at the helm

Professional three-on-three women’s basketball league Unrivaled is headed into its third season with a serious infusion of cash. The two-year-old league on Wednesday announced the completion of its Series C funding round, which brought in more than $100 million and values the organization at $650 million—nearly double its valuation last fall.  Led by the University of California-backed Ten Pillar Sports Fund, the Series C round is a marked jump from its Series B raise, which closed in September 2025 and valued the league at $350 million. The UC Investments fund was joined by investors that ...