Unrivaled, the womens professional 3-on-3 basketball league, said Monday it had closed a series B investment round valuing the league at $340 million.
League president Alex Bazzell declined to share specifics beyond the investors which were led by Bessemer Venture Partners, but the leagues valuation rose ten times from the spring of 2024.
Unlike the first two rounds where we were out in the market, this one was organic, Bazzell told Front Office Sports. We werent searching for more capital. We built a long enough runway to operate without it. But it was the right partner in Bessemer, who is one of the biggest tech funds in the world.
What I have learned from a lot of our great advisors I have is: When you can take money, you should take it. We did not need to, but it was the right partner.
The league, founded by Napheesa Collier and Breanna Stewart, has seen massive growth since launching.
