ONE Championship Founder Chatri Sityodtong

Global sports media giant ONE Championship today announced that it has raised a US$166 million Series D funding round led by Sequoia Capital.

New investors such as Temasek, Greenoaks Capital, and other institutional investors also participated in the funding round, which the company said has put its total capital base to exceed US$250 million.

“This equity investment further solidifies ONE’s dominant market leadership position in the sports media industry in Asia,” the company said in a press statement.

Based in Singapore, ONE Championship hosts martial arts entertainment events across Asia, featuring various kinds of martial arts such as muay thai, kickboxing, silat, and kungfu.

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It was founded by former martial arts champion Chatri Sityodtong.

Martial arts organisations signed exclusive contracts with the platform, which broadcasts contents to leading global broadcasters across 138 countries, in addition to its own digital platform.

According to a Dealstreet Asia report, the company has earlier revealed plans to expand its events, partnership deals and digital offerings.

The company has previously raised funding rounds from Sequoia India in 2017 and Heliconia Capital Management in 2016.