ONE Championship announced a major equity investment.
Asia’s leading mixed martial arts promotion said Wednesday it reached an agreement with the Sequoia India and Mission Holdings group and others. While it did not release the specific number from this arrangement, the company said the deal brings the amount of capital raised over the company’s six-year history over the $100 million mark.
“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 CEO Chatri Sityodtong stated in a press release.
The Singapore-based company, which claims to be the largest sports property in Asia, plans aggressive expansion. It has held events in Singapore, Malaysia, Indonesia, the Philippines, Taiwan, Cambodia, United Arab Emirates, The People’s Republic of China, Myanmar, and Thailand. ONE is planning its first show in Vietnam this year, as well as more aggressive Chinese expansion.
“In six short years, ONE Championship has become Asia's top global sports brand in history,” stated Saurabh Mittal, the chairman of Mission Holdings. “While we are delighted to have been a part of this journey as partners since the beginning, we are equally thrilled to have such a storied, successful venture capital firm like Sequoia join as fellow shareholders. With this equity investment led by Sequoia and Mission Holdings, ONE Championship is well on its way to becoming Asia's first multibillion dollar sports media property."