Unequalled closes funding spherical at $340M valuation

The newest spherical of funding funding for Unequalled has raised the valuation of the 3-on-3 girls’s basketball league to $340 million, it introduced Monday.

There have been no specifics on how a lot funding was raised, with reviews indicating the league’s worth is now “ten occasions” greater than it was within the spring of 2024, which was greater than six months earlier than Unequalled made its debut in January.

The league introduced that tennis legend Serena Williams made a current funding in Unequalled, together with NBA gamers Trae Younger, Franz Wagner and Moritz Wagner. Warner Bros./Discovery elevated its funding, as did girls’s soccer legend Alex Morgan.

Unequalled emerged because the winter/spring complement to the spring/summer time WNBA, with each leagues utilizing the identical gamers.

Based by gamers Breanna Stewart and Napheesa Collier, Unequalled was developed as a home possibility for gamers to stay and play in the US throughout the offseason. The league’s first season led to March with Rose BC, led by Chelsea Grey, profitable the inaugural title.

Regardless of being a brand new league, Unequalled paid its gamers a median wage of $220,000, with the a lot bigger WNBA paying its gamers a median of slightly below $120,000 per season, in keeping with Statista.

Most gamers have already got been signed for Unequalled’s second season, with the league set to introduce a developmental pool of gamers to assist fill roster spots in case of harm.

The league performed its first season completely within the Miami space and can largely stay there in 2026. Nevertheless, league president Alex Bazzell stated Unequalled has plans so as to add a cease in a brand new metropolis and a much bigger area.

–Area Degree Media