Women’s Basketball League Unrivaled Raises More Than $100 Million From Carmelo Anthony, Ashton Kutcher, Alex Morgan, University of California Fund and More

Aug 26, 2026 5:59am PT Women’s Basketball League Unrivaled Raises More Than $100 Million From Carmelo Anthony, Ashton Kutcher, Alex Morgan, University of California Fund and More

By Todd Spangler

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Todd Spangler

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MEDLEY, FLORIDA - MARCH 4: Breanna Stewart #30 of the Mist dribbles the ball against Kiki Iriafe #44 of the Phantom during the third quarter of the Unrivaled 2026 Championship game at Sephora Arena on March 4, 2026 in Medley, Florida. (Photo by Leonardo Fernandez/Getty Images)

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Unrivaled, the women’s three-on-three basketball league, announced that its Series C fundraise has surpassed an initial $100 million target and is now oversubscribed — valuing the league at $650 million.

The funding round was led by Ten Pillars Sports Fund, backed by UC Investments, which manages the University of California system’s investment funds. Other participants in the round included Carmelo Anthony, Geno Auriemma, the Berman Family, Bessemer Venture Partners, Jenny Just, Ashton Kutcher, Alex Morgan and Trybe Ventures, Dan Rosensweig and Trae Young.

Women’s Basketball League Unrivaled Raises More Than $100 Million From Carmelo Anthony, Ashton Kutcher, Alex Morgan, University of California Fund and More

Todd Spangler

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