MUMBAI: ONE Championship has raised $166 million in a series D round led by Sequoia Capital, it was announced Monday.
Other investors in this round include Temasek Holdings and Greenoaks Capital. This brings the total amount that the Singapore-based martial arts promotion has raised to over $250 million.
This is the second investment deal between the two sides in the last 15 months. A Series C round spearheaded by Sequoia India and Missions Holding helped ONE Championship launch its mobile application.
Chatri Sityodtong, chairman and CEO of ONE Championship, had asserted in March that the sports media property he founded is on track to achieve a $1 billion valuation milestone within this calendar year.
ONE has plans to roll out a YouTube-like service for the martial arts world this year, Sityodtong has stated. The app went live in April and is now a top 10 sports app on iOS in seven countries.
ONE has expanded its overall scope in 2018. The promotion has gone from featuring singular martial arts combat to kickboxing, Muay Thai, Brazilian jiu-jitsu and boxing.
