ONE Championship Announces Major Equity Investment
Singapore-based MMA promotion ONE Championship announced on Wednesday that it has received a large investment from Sequoia India (Sequoia) and Mission Holdings which has brought the company’s total capital raised to $100 million.
On the back of this investment ONE will look to continue their success in the Asian MMA market.
In a press release from ONE, Chairman and CEO Chatri Sityodtong released a statement reacting to the investment:
“I am thrilled to announce this partnership with Sequoia. Our mission is to unleash superheroes across Asia to ignite inspiration, hope, strength, and dreams across all segments of society. As one of the most successful venture capital firms in the world, Sequoia has an unparalleled track record of partnering with early stage companies and helping to build them into global market leaders. I am confident that Sequoia’s expertise, network, and resources will contribute significantly to ONE Championship’s success. I am thrilled that Sequoia, Mission Holdings, and Heliconia Capital Management believe in both our mission of unleashing superheroes and our goal of becoming Asia’s first multibillion dollar sports media property.
“ONE Championship has arguably the most blue-chip institutional shareholder group in the sports media industry in Asia today. The combination of Sequoia, Mission Holdings, and Heliconia Capital Management creates a meaningful competitive advantage for ONE Championship.”
ONE Championship currently broadcasts in over 128 countries. The promotion, known previously as ONE FC, was launched by Sityodtong in 2011 and is Asia’s largest sports media property.
Notable fighters on ONE’s roster include Ben Askren, Brandon Vera, Shinya Aoki and Angela Lee.