UNRIVALED Closes Series C Funding Round Exceeding $100 Million
Sports and entertainment company UNRIVALED has successfully closed its Series C funding round, raising over $100 million and surpassing its target. The company's new valuation stands at $650 million.
Sports and entertainment company UNRIVALED has successfully closed its Series C funding round, raising over $100 million and exceeding its $100 million target. The round was led by Ten Pillars Sports Fund, with participation from new investor Jenny Just and reinvestments from notable figures including Carmelo Anthony, Geno Auriemma, the Berman Family, Bessemer Venture Partners, Ashton Kutcher, Alex Morgan, and Trybe Ventures.
The company announced a new post-money valuation of $650 million following the funding. The capital infusion is intended to support UNRIVALED's expansion and operational development.
UNRIVALED stated that players remain central to the league's mission. Further details on how the funds will be utilized for league growth and player acquisition have not yet been disclosed.
The company previously secured funding from investors such as Bessemer Venture Partners and Ashton Kutcher's A-Grade Investments.