
Sequoia, Mission back Singapore’s One Championship
One Championship, a Singapore-based mixed martial arts (MMA) organization, has secured a new funding round led by Sequoia Capital India and Mission Holdings – an investment vehicle owned by billionaire Saurabh Mittal.
Temasek Holdings-owned Heliconia Capital Management, which invested in the company last year, also re-upped. The round, which brings the total capital raised to $100 million to date, is intended to help One Championship consolidate its position in Asia's sports media industry and accelerate its global growth, a statement said.
Founded in 2011, the organization, which claims to be the largest sports media agency in Asia, hosts international MMA championships in cities such as Bangkok, Beijing, Singapore, Jakarta, Manila, Macau, and Taipei.
The live events are broadcast through television and social media platforms, with 600 million online video views so far this year compared with only 312,000 in 2014. It wants to reach one billion viewers in more than 128 countries through partnerships with international broadcasters such as Fox Sports and Setanta and MNC.
“We are excited about the potential for live martial arts content at a time when mobile video viewership is exploding across emerging markets. One Championship has been a pioneer and major driving force of the martial arts industry in Asia, with surging popularity across major countries,” said Shailendra Singh, managing director of Sequoia India.
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