ONE Championship Founder Chatri Sityodtong
Singapore-based martial arts events broadcasting platform, One Championship, has secured US$70 million in funding from a group of undisclosed investors, according to various reports.
The names of the investors were, however, not disclosed.
Prior to this round, One Championship nabbed US$166 million in Series D led by Sequoia Capital, with participation from Temasek and Greenoaks Capital, in late 2018. This was preceded by two investment rounds in 2017 and 2016. Its other investors are GIC, Iconiq Capital, and Mission Holdings.
Founded in 2011 by former martial arts champion Chatri Sityodtong, One Championship focusses on a mixed martial arts entertainment, with a global broadcast reach of 2.7 billion potential viewers across 150-plus countries.
The platform features bouts across the full spectrum of martial arts such as Muay Thai, Kickboxing, Mixed Martial Arts, Karate, Silat, Sanda, Lethwei, Taekwondo, and Submission Grappling.
Several martial arts organisations have signed exclusive contracts with the platform, which also broadcasts contents to leading global broadcasters.
The company currently has offices in Tokyo, New York City, Los Angeles, Shanghai, Milan, Beijing, Bangkok, Manila, Jakarta, and Bangalore, besides Singapore.
Also Read: Sports media giant ONE Championship raises US$166M in Series D funding round
The funding for One Championship has been an optimistic outcome following its recent layoffs, forcing the company to let go of its worldwide headcount by 20 per cent and with no live events since March.
According to One Championship group President Hua Fung Teh, although being rocked by the pandemic, One Championship remains positive to move forward and to return to the scene.
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Picture Credit: ONE Championship
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