– Warner Bros. Discovery and Alex Morgan’s Trybe Ventures to double down on their investments in the league –

MIAMI, Sept. 8, 2025 /PRNewswire/ — Today, Unrivaled presented by Samsung Galaxy announced the closure of its oversubscribed Series B investment round led by Bessemer Venture Partners. Among the notable investors joining this round is Serena Ventures, with Warner Bros. Discovery and Alex Morgan’s Trybe Ventures building on their previous investments in the league. With this latest infusion of capital, Unrivaled is now valued at $340 million, a historic figure for a young league and a milestone reflective of the bold vision, strong performance, and increasing market momentum that defined its inaugural season.

Founded in 2023, Unrivaled was born from a shared vision to empower athletes as real stakeholders whose voices and ownership position both shape the platform’s direction and capitalize on its performance. Beyond offering the highest average salary in professional women’s sports league history, a key element of the league’s business model is its player-first compensation structure, which includes equity stakes for the athletes who participated in the inaugural season. With the company’s rising valuation, the players continue to benefit directly from the league’s growth and market success.

“We’re continuing to align with partners who elevate our league and accelerate our strategic growth. With Bessemer Venture Partners leading this round, Unrivaled is in an unprecedented position for a new sports league,” said Unrivaled President Alex Bazzell. “Bessemer’s world-class leadership, combined with the collective influence of our entire investor group, amplifies our mission and pushes the industry forward. This rise in Unrivaled’s valuation reflects investor confidence and proves that athlete-driven models can thrive at the highest levels of business.”

Unrivaled’s Series B Round also includes investment from:

• Trae Young, NBA All-Star with the Atlanta Hawks
• Darryll J. Pines, University of Maryland President, and Sylvia Pines
• Sam Rapoport, Award-winning sports executive
• Franz Wagner, Orlando Magic Forward
• Moritz Wagner, Orlando Magic Center
• Next Legacy Partners

“At Bessemer, we’ve had the privilege of backing many category-defining companies, and we believe Unrivaled is building the next great sports league,” said Caty Rea, Vice President at Bessemer Venture Partners. “What impressed us most is the league’s outstanding business performance—achieving both rapid growth and impressive unit economics in its first year of operations—alongside its focus on both athlete advocacy and extraordinary fan engagement. We’re thrilled to partner with Unrivaled to take the league to the next level.”

This latest investment closure builds on the investor momentum generated from Unrivaled last year, which secured investments from industry titans and all-stars including Giannis Antetokounmpo and Build Your Legacy Ventures, Carmelo Anthony, Geno Auriemma, Amy Banse, Dan Benton, the Berman Family, Stephen Curry, Moira Forbes, Coco Gauff, Linda Henry, Tyus & Tre Jones, Billie Jean King and Ilana Kloss, Ashton Kutcher, Avenue Sports Fund and Marc Lasry, David Levy, Michael Phelps and Nicole Phelps, Dan Rosensweig, Ann Sarnoff, Richard Sarnoff, John Skipper, Dawn Staley, Wanda and Alex Sykes, JuJu Watkins and Gary Vaynerchuk. 

Unrivaled’s second season will tip off in January 2026. For more information and to stay up to date with league news, visit unrivaled.basketball and follow @UnrivaledBasketball.

Media Contacts:
Tish Carmona, Unrivaled – pr@unrivaledleague.com
Melanie Van Dusen, Berk Communications for Unrivaled – unrivaled@berkcommunications.com

About Unrivaled:
Unrivaled is a professional women’s basketball league innovating the women’s professional sports landscape with a groundbreaking model centered on investing in its athletes. Co-Founded by Breanna Stewart and Napheesa Collier, Unrivaled is player-owned, providing participating players equity opportunities for a vested interest in the league’s success. Launched in January 2025, Unrivaled features the current top women’s basketball stars in the world across six clubs for a 3-on-3, compressed full court style of play. To learn more, visit unrivaled.basketball or contact info@unrivaled.com.

About Bessemer Venture Partners:
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 150 IPOs and 390 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their earliest days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, Toast and ServiceTitan, and the firm has $19 billion of assets under management. Bessemer has investment teams located in San Francisco, Silicon Valley, New York, Boston, London, Bangalore, and Tel Aviv. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio). 

About Serena Ventures:
Serena Ventures is an institutional venture capital firm uniquely positioned to invest at the intersection of technology, innovation, and societal progress. Our mission is to back bold founders building high-impact companies that drive meaningful change — whether by solving systemic challenges, reimagining legacy industries, or unlocking opportunities for underserved communities. We are focused on early stage companies at Seed and Series A. The firm backs companies across health and wellness, products and services, commerce technology, tools for small and medium-sized businesses, and the sports and entertainment ecosystem. Based in New York City, the firm has a strong commitment to democratizing access to capital.

SOURCE Unrivaled

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