{"id":13298,"date":"2024-12-17T18:00:25","date_gmt":"2024-12-17T18:00:25","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/12\/17\/womens-basketball-league-unrivaled-secures-28m-in-funding-from-star-studded-investor-lineup\/"},"modified":"2024-12-17T18:00:25","modified_gmt":"2024-12-17T18:00:25","slug":"womens-basketball-league-unrivaled-secures-28m-in-funding-from-star-studded-investor-lineup","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/12\/17\/womens-basketball-league-unrivaled-secures-28m-in-funding-from-star-studded-investor-lineup\/","title":{"rendered":"Women\u2019s basketball league Unrivaled secures $28M in funding from star-studded investor lineup"},"content":{"rendered":"<p class=\"\">Startup basketball league Unrivaled announced on Monday it\u2019s closed a Series A funding round, raising an additional $28 million<em>\u00a0<\/em>before its inaugural season.<\/p>\n<p class=\"\">\u201cOur players haven\u2019t even taken the court yet and the foundation we are building with our partners unites unparalleled expertise, strategic insight, and an incredible product,\u201d Unrivaled President\u00a0Alex Bazzell said in a press release. \u201cTogether, we\u2019re setting the stage for Unrivaled for years to come.\u201d<\/p>\n<div><\/div>\n<p class=\"\">The 3\u00d73 women\u2019s hoops league already secured $7 million in\u00a0a seed round\u00a0announced 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.<\/p>\n<p class=\"\">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 \u201cequity and a vested interest in its success,\u201d according to the press release.<\/p>\n<p class=\"\">The league has signed 36 top players and said it offers the highest average salaries across any women\u2019s professional sports league.<\/p>\n<p class=\"\">While the Women\u2019s National Basketball Association\u00a0has seen\u00a0exponential growth in the last few years, superstar rookies Caitlin Clark and Angel Reese\u00a0received base salaries\u00a0just over $70,000,\u00a0compared with star rookies\u00a0in the National Basketball Association who received millions their first year.<\/p>\n<p class=\"\">Unrivaled announced last week it had signed\u00a0Under Armour\u00a0as its\u00a0official uniform partner. It\u2019s also signed an exclusive, multiyear media rights deal with\u00a0Warner Bros. Discovery\u00a0to\u00a0air its games\u00a0on TNT and truTV, as well as streaming platform Max. WBD participated in the Series A funding round, the league said Monday.<\/p>\n<p class=\"\">The round also included private investor Marc Lasry, University of South Carolina women\u2019s basketball head coach Dawn Staley, and USC guard JuJu Watkins. Previous investors include soccer phenom Alex Morgan and actor and investor Ashton Kutcher.<\/p>\n<p class=\"\">The inaugural season begins on Jan. 17.<\/p>\n<\/p>\n<div>This post appeared first on NBC NEWS<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Startup basketball league Unrivaled announced on Monday it\u2019s closed a Series A funding round, raising an additional $28 million\u00a0before its inaugural season. \u201cOur players haven\u2019t even taken the court yet and the foundation we are building with our partners unites unparalleled expertise, strategic insight, and an incredible product,\u201d Unrivaled President\u00a0Alex Bazzell said in a press [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":13299,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/13298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=13298"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/13298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/13299"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=13298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=13298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=13298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}