Singapore-based sports media brand ONE Championship on Thursday announced it has secured a major equity investment led by venture capital firm Sequoia India and Mission Holdings, bringing its total funding raised to over $100 million.
The firm said new and existing investors participated in the round. Last year, ONE Championship had closed an investment from Heliconia Capital Management, a unit of Temasek Holdings.
A statement by ONE Championship said the funding will help it strengthen its dominant position in the sports media industry in Asia and accelerate its global growth.
“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,” said Chatri Sityodtong, Chairman and CEO of ONE Championship.
He adds, “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 multi-billion dollar sports media property.”
“Sequoia is thrilled to have the opportunity to partner with Chatri, Mission Holdings, Heliconia, and the management team to build an enduring and unique martial arts franchise in Asia. We are excited about the potential for live martial arts content at a time when mobile video viewership is exploding across emerging markets,” said Shailendra J Singh, Managing Director of Sequoia Capital (India) Singapore Pte. Ltd.
amazing when VC's can find a business they're passionate about, a founder whose values align, a company whose culture is inspiring 🙏🙏🙏 https://t.co/2p8E0307pR— Shailendra J Singh (@singh_sequoia) July 20, 2017
Sequoia’s Shailendra J Singh tweets his thoughts on ONE Championship
ONE Championship claims to be the largest sports media property in Asian history and hosts sports entertainment events across Asia featuring the Asian mixed martial artists and world champions.
ONE Championship is broadcast to over 1 billion viewers across more than 118 countries around the world with some of the largest global broadcasters, including FOX Sports, Setanta, MNC, Astro, Thairath TV, ABS-CBN, TV5, MYTV, HTV, OSN and more.
Speaking on the investment, Derek Lau, CEO of Heliconia Capital Management, said, “Heliconia is pleased to welcome Sequoia as a fellow partner in ONE Championship. The timing is perfect. ONE Championship is now well-positioned to extend its leadership as the largest sports entertainment platform in Asia. We really look forward to working with Sequoia to support Chatri and his fantastic team.”