Issa Rae Joins Unrivaled as an Investor as the League's Valuation Reaches a Reported $650 Million
According to REVOLT, Unrivaled announced on Monday, Oct. 5 that Issa Rae is one of its newest investors, with the women's basketball league's valuation pushed to $650 million. It is her second women's sports move in weeks: she is part of the ownership group of the Los Angeles Orbit, the League One Volleyball team that revealed its name on Sept. 25. The amount she invested was not disclosed.
Why It Matters for Atlanta Professionals
Women's sports ownership is becoming a serious asset class for Black entertainers and executives, and Rae is building a portfolio across leagues instead of making a single bet.
Source
First reported by Unrivaled announcement, reported by REVOLT (Oumou Fofana): REVOLT report
Cover photo: Bea Phi / Wikimedia Commons, CC BY-SA 4.0
Stay Connected
Want Atlanta news like this before everyone else? Join the Connect Atlanta Discord, where Atlanta professionals swap event plans, deals and opportunities every day: join free here, or go Premium for $20 a month for VIP channels and curated networking. See what BNG is hosting next on our events page.
More From BNG
GloRilla Co-Founds GloVerse, a Beauty Marketplace That Launched First in Atlanta
T.I. Invests in Pocstock, a Black-Owned Company Licensing Diverse Images and Data for AI
BNG Partners
Sponsored: Rep the network: shop BNG hoodies, tees and mugs
Behind on your taxes? Madison's Accounting & Tax Services can review your situation: get a back-tax review
Business owners: book a tax appointment with MATS
Become a healthcare recruiter and get paid per placement with Metro Staffing Partners
Private pay home care in metro Atlanta from Metro Care Partners. Call (404) 803-5273
Join 6,400+ Atlanta professionals in the Connect Atlanta Discord, free
