In an effort to fulfill plans to build a 50,000-square-foot practice facility, Seattle Storm has sold minority stakes to a group of 12 investors. The stakes were sold for $21 million at a record valuation of $151 million. Investor groups that participated in the purchase are mostly made up of women, BIPOC, and LGBTQ+.
The Storm are one of the most successful franchises in WNBA history, with four WNBA titles, most recently in 2020. They currently practice in the basement gym of Seattle Pacific University, where they get four hours of access per day.
The new training facility set to open in March 2024, will house players, marketers, ownership, caterers, championship trophies, and art installations representing the team's legacy — primarily created by Black artists — all under one roof.
$21M • 2023 • Seed
The Seattle Storm is the highest-valued team in the Women's National Basketball Association (WNBA).
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