ONE Championship bags US$166m in new round of funding

ONE Championship (ONE) has closed a US$166 million Series D financing round led by Sequoia Capital.  New investors, including Temasek, Greenoaks Capital, and other leading institutional investors, also participated in the round. ONE now has a total capital base that exceeds US$250 million. This equity investment further solidifies ONE’s dominant market leadership position in the sports media industry in Asia.Most recently ONE Championship hired Hari Vijayarajan (pictured) as its new chief business development officer. In his role, Vijayarajan will be responsible for driving key strategic initiatives and new businesses, helping to increase ONE Championship’s scalability and growth across all key markets. He will officially commence his new role with ONE in January 2019.CEO and chairman Chatri Sityodtong said that Vijayarajan will be working alongside him and the rest of the leadership team to drive key strategic initiatives and new businesses.In May, ONE Championship also launched a new mobile app available for both iOS and Android users. The app features One Championship’s live events, digital content and statistical information on the fighters. All its content will be streamed in full high definition. This will include the “One: Unstoppable Dreams” fight on 18 May happening at Singapore Indoor stadium.