Unrivaled has closed a $106 million Series C funding round led by Ten Pillars Sports Fund, backed by UC Investments, exceeding its initial $100 million target and valuing the 3-on-3 women's basketball league at $650 million. The valuation is nearly double the $340 million recorded after an oversubscribed Series B round in September 2025. Co-founded by WNBA stars Napheesa Collier and Breanna Stewart with Alex Bazzell, Unrivaled gives players equity alongside six-figure salaries and benefits during the WNBA offseason. Players remain the league's largest shareholder group: their equity pool is now worth nearly $200 million, or about 30% of the league's valuation, and at least 95% of players hold some form of equity. Season 2 revenue rose to $45 million from $27 million in Season 1 as the league expanded to eight clubs and 54 players and set attendance records at Philadelphia's Xfinity Mobile Arena. As Unrivaled prepares for its third season, more than 90% of its 2027 roster has been signed, including newcomers Olivia Miles and Gabby Williams. The league plans approximately eight road stops in 2027 and is considering moving from its 1,000-seat Sephora Arena near Miami to a venue seating roughly 2,500 to 4,000 fans by 2028. Season 3 begins in January 2027 and will air nationally across TNT Sports.