HomeAbout

TL;DR CNBC


Women’s basketball league Unrivaled secures $28 million in new funding from star-studded investor lineup - TL;DR CNBC

Women’s basketball league Unrivaled secures $28 million in new funding from star-studded investor lineup

Publishing timestamp: 2024-12-16 13:04:16


Summary

Unrivaled, a 3x3 women's hoops league, announced the close of its Series funding round, raising an additional $28 million before its inaugural season. Investors included NBA champion Giannis Antetokounmpo and 28-time Olympic medalist Michael Phelps. The league has signed 36 top players and offers the highest average salaries across any women's professional sports league.


Sentiment: POSITIVE

Tickers: UAWBDUAA

Keywords: giannis antetokounmpoalex morganalex bazzellbasketballbusiness newsbreanna stewartangel reesebusinessmichael phelpsunder armour incwarner bros discovery incsportsnapheesa colliercaitlin clark

Source: https://www.cnbc.com/2024/12/16/unrivaled-womens-basketball-league-series-a-funding-round.html


Developed by Leo Phan