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Unrivaled closed an oversubscribed Series B led by Bessemer Venture Partners at a $340 million valuation, with new and returning investors including Serena Ventures and Warner Bros. Discovery. The athlete-founded 3-on-3 league, which gives players equity and top salaries, will expand by two clubs and a season-long development pool ahead of year two and add a fourth game night. Unrivaled reported strong first-season TV and streaming performance and rapid social growth, underpinning investor confidence and the league’s accelerated rollout plans. » More on forbes.com

Serena Williams participated in Unrivaled's Series B round through Serena Ventures, joining investors led by Bessemer Venture Partners that value the women's 3-on-3 basketball league at $340 million. Other notable backers include Alex Morgan via Trybe Ventures and Billie Jean King. Unrivaled says it offers the highest average salaries in professional women's sports and will begin its second season in January 2026. » More on cbsnews.com

Women's 3-on-3 basketball league Unrivaled raised a Series B round led by Bessemer Venture Partners with participation from Serena Williams' Serena Ventures, Warner Bros. Discovery and Trybe Ventures, lifting its valuation to $340 million. The valuation jumps from about $95 million a year ago. The funding will finance facility upgrades, player development and marketing as the league enters its second season and expands its audience. Unrivaled says it offers top average salaries in women's professional sports and provides equity to players. » More on cnbc.com