Women’s Basketball League Unrivaled Raises More Than $100 Million From Carmelo Anthony, Ashton Kutcher, Alex Morgan, University of California Fund and More

Unrivaled, the women’s three-on-three basketball league, announced that its Series C fundraise has surpassed an initial $100 million target and is now oversubscribed — valuing the league at $650 million. The funding round was led by Ten Pillars Sports Fund, backed by UC Investments, which manages the University of California system’s investment funds. Other participants…