Group ONE Holdings, the parent company of martial arts platform ONE Championship, has raised $150 million in a funding round.
The Singapore-based sports media property and mixed martial arts promoter plans to use the money to continue expanding the league outside of Asia.
The round was led by Guggenheim Investments and the Qatar Investment Authority, the nation’s sovereign wealth fund. The announcement was made on Dec. 22.
One Championship is reportedly now worth more than $1 billion.
Group ONE Holdings, which also includes gaming network ONE Esports, is already a major force in the international sports scene.
- It broadcasts to more than 150 countries.
- In June 2021, Nielsen ranked ONE Championship in the top 10 for global sports properties using engagement and viewership metrics.
- ONE Championship saw “record” revenues in 2021, according to Hua Fung Teh, Group President of ONE.
The organization reportedly wants to bring ONE Championship into the U.S. market, where it will likely compete with UFC.
The group will also use the funds to create new content. ONE Championship recently announced its reality TV show, “The Apprentice: ONE Championship Edition,” will air on Netflix sometime this quarter — though it won’t be available in the U.S.