ONE Championship capital raised now tops $100 million
Chatri Sityodtong: “Our mission is to unleash superheroes across Asia to ignite inspiration, hope, strength, and dreams across all segments of society.”
The largest sports media property in Asian history, ONE Championship, announced today that it has secured a significant equity investment led by Sequoia India and by Mission Holdings, bringing its total capital raised to US$100 million. New and existing investors also participated in this investment round. This equity investment will further solidify ONE’s dominant market leadership position in the sports media industry in Asia and accelerate its global growth.
I am thrilled to announce this partnership with Sequoia,” said ONE Chairman and CEO Chatri Sityodtong. “Our mission is to unleash superheroes across Asia to ignite inspiration, hope, strength, and dreams across all segments of society. 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. 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.
“ONE Championship has arguably the most blue-chip institutional shareholder group in the sports media industry in Asia today. The combination of Sequoia, Mission Holdings, and Heliconia Capital Management creates a meaningful competitive advantage for ONE Championship.”
Saurabh Mittal, Chairman of Mission Holdings, has been friends with Sityodtong since the two were a couple of poor kids at Harvard Business School together. Mittal’s wealth is now measured in the billions.
“In six short years, ONE Championship has become Asia’s top global sports brand in history,” said Mittal. “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 multi-billion dollar sports media property.”
ONE Championship resonates strongly with Asian audiences across the continent, delivering record-breaking TV ratings share as high as 26%. ONE has also registered exponential growth in social media video views, annualizing 600 million video views for 2017 vs only 312 thousand in 2014. The global leader of martial arts in Asia, ONE Championship has held blockbuster events in iconic cities across Asia, including Bangkok, Beijing, Singapore, Jakarta, Manila, Yangon, Macau, Taipei, and many others.
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