• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Women’s basketball league Unrivaled secures $28M in funding from star-studded investor lineup

by December 17, 2024
written by December 17, 2024

Startup basketball league Unrivaled announced on Monday it’s 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 are building with our partners unites unparalleled expertise, strategic insight, and an incredible product,” Unrivaled President Alex Bazzell said in a press release. “Together, we’re setting the stage for Unrivaled for years to come.”

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

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

The league has signed 36 top players and said it offers the highest average salaries across any women’s professional sports league.

While the Women’s National Basketball Association has seen exponential growth in the last few years, superstar rookies Caitlin Clark and Angel Reese received base salaries just over $70,000, compared with star rookies in the National Basketball Association who received millions their first year.

Unrivaled announced last week it had signed Under Armour as its official uniform partner. It’s also signed an exclusive, multiyear media rights deal with Warner Bros. Discovery to air its games on TNT and truTV, as well as streaming platform Max. WBD participated in the Series A funding round, the league said Monday.

The round also included private investor Marc Lasry, University of South Carolina women’s basketball head 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 Jan. 17.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Elon Musk’s net worth soars $184B after Donald Trump’s victory: is $500B within reach this week?
next post
Liberal Supreme Court justice makes ‘cringe’ cameo performance on Broadway

related articles

JPMorgan marks 1,000th branch opening since 2018 expansion...

August 1, 2025

Apple crushes Wall Street expectations as iPhone sales...

August 1, 2025

Ontario cancels internet deal with Musk’s Starlink as...

July 31, 2025

Trump ends de minimis exemption for global low-cost...

July 31, 2025

Recall warns some Celsius energy drink cans accidentally...

July 31, 2025

Union Pacific to buy Norfolk in $85 billion...

July 29, 2025

Things are getting better at Boeing under CEO...

July 29, 2025

Elon Musk confirms Tesla has signed a $16.5...

July 28, 2025

Palantir joins list of 20 most valuable U.S....

July 26, 2025

FCC greenlights Paramount’s $8 billion merger with entertainment...

July 25, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Drone company’s stock soars after appointing Donald Trump Jr. to advisory board

    November 27, 2024
  • Trump’s cuts to foreign aid could benefit US position in Iran negotiations, expert says

    February 8, 2025
  • Kash Patel’s nomination to lead FBI clears first major Senate hurdle

    February 13, 2025
  • Trump-backed bills targeting activist judges, noncitizen voting head for House-wide votes

    April 1, 2025
  • Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

    April 21, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,602)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Trump’s ‘shock and awe’: Forget first 100 days, new president shows off frenetic pace in first 100 hours

    January 23, 2025
  • An American father’s plea: President Trump, please bring my son and the other hostages home from Gaza

    April 29, 2025
  • Harris conspicuously absent from public memorials honoring service members killed in Afghan exit she backed

    August 26, 2024

Recent Posts

  • Morning Glory: The worst debate in the history of presidential debates

    September 12, 2024
  • Rubio just got an additional job in Trump’s administration — and he’s not the only one wearing multiple hats

    May 9, 2025
  • FBI must release Mar-a-Lago probe records despite Trump’s criminal immunity: judge

    February 11, 2025

Editor’s Pick

  • Judge temporarily blocks sports streaming service owned by Disney, Fox, Warner Bros.

    August 18, 2024
  • HHS brings back hundreds of staff following force reduction in latest rehiring move

    June 11, 2025
  • Jasmine Crockett shares bizarre song clip calling herself ‘leader of the future’

    May 27, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock