ONE Championship Revenue, Valuation, Funding & Investors
ONE Championship is valued at $1.4B as of October 2024, a 10.5x multiple on its last reported $128M revenue.
Last ONE Championship valuation
$1.4B
Undisclosed stage · Oct 2024
Last ONE Championship funding round
$50M
Undisclosed stage · Oct 2024
ONE Championship revenue
$128M
Undisclosed stage · Oct 2024
Key investors in ONE Championship
Sequoia Capital
Temasek
Qatar Investment Authority
Mission Holdings
Peak XV Partners
Vulcan Capital
About ONE Championship
ONE Championship is a Singapore-headquartered martial arts organization hosting mixed martial arts, Muay Thai, and kickboxing events across Asia. It broadcasts to 190 countries via partnerships with ESPN, Amazon Prime Video, and local networks, drawing 100 million viewers per major event. The promotion features champions like Demetrious Johnson and Angela Lee, staging cards in Jakarta, Manila, and Tokyo arenas. Founded in 2011, ONE Championship generates $100 million in annual revenue.
Founded
2011
HQ
SingaporeWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales, Advertising, Subscription
Revenue
$128M (Oct 2024)
Valuation
$1.4B (Oct 2024)
ONE Championship Valuation
ONE Championship is currently valued at $1.4B, based on its undisclosed-stage round in October 2024.
The $50M round was led by Qatar Investment Authority.
ONE Championship's valuation has grown 1.4x from $950M at its Series D in October 2018 to $1.4B in October 2024, across 3 priced rounds.
ONE Championship valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2024 | Undisclosed stage | $1.4B | 10.5x |
| Dec 2021 | Undisclosed stage | $1.3B | 19.1x |
| Oct 2018 | Series D | $950M | - |
ONE Championship Revenue
ONE Championship's latest recorded revenue is $128M, as of its undisclosed-stage round in October 2024. At a $1.4B valuation, that implies a 10.5x revenue multiple.
Revenue grew from $68M in December 2021 to $128M in October 2024, while the revenue multiple moved from 19.1x to 10.5x.
ONE Championship revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2024 | $128M | $1.4B | 10.5x | Undisclosed stage |
| Dec 2021 | $68M | $1.3B | 19.1x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
ONE Championship Funding History
ONE Championship has raised a total of $565M across 5 funding rounds.
ONE Championship's first fundraising round was a $100M Series C in July 2017. The most recent completed round was a $50M undisclosed-stage round in October 2024.
ONE Championship funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2024 | Undisclosed stage | Qatar Investment Authority (lead) | $50M | $1.4B | Group One Holdings, the parent company of ONE Championship—a Singapore-based mixed martial arts promoter and sports media property—raised at least US$50 million in an October 2024 funding round led by the Qatar Investment Authority (QIA). This Series G round values the company at least at US$1.35 billion post-money, matching the valuation from its prior 2021 round also led by QIA alongside Guggenheim Investments. The funds aim to support global expansion, enhance media partnerships, and prepare for a potential IPO. ONE Championship competes with UFC and broadcasts to over 150 countries, with partnerships including BeIN Media Group for the Middle East and North Africa and Amazon Prime Video for the US and Canada. The company reported record revenues in 2021 and is described as on the verge of profitability after a decade of investments in its global brand, live events, athlete roster, and broadcasts. Despite this, it conducted layoffs of a few dozen employees shortly after the funding announcement to streamline operations amid macroeconomic challenges and demands for immediate profitability. Previous rounds include $179 million in December 2021 at over $1.35 billion valuation, $166 million in 2018 led by Sequoia Capital, and earlier raises totaling over $536 million across five rounds from investors like Temasek, Mission Holdings, and others. ONE Championship has expanded into esports via ONE Esports and content like a Netflix reality show, positioning it as a major international sports entity. |
| Dec 2021 | Undisclosed stage | Guggenheim Taxable (lead); Qatar Investment Authority (lead); Temasek; Overlake Capital; Mission Holdings; Vulcan Capital; Sequoia Capital | $179M | $1.3B | ONE Championship is a Singapore-based mixed martial arts and kickboxing promotion founded by Chatri Sityodtong, focusing on combat sports events with high-profile fighters like Demetrious Johnson. In 2021, the company reported a record-high loss of $110 million, increasing total accumulated losses to $383 million, despite a 19% year-over-year revenue increase to $67.7 million, primarily driven by broadcast rights. The promotion secured deals with broadcasters like Amazon Prime Video, but faced challenges with low ticket sales and high operational costs. Around August 2021, ONE Championship raised approximately $179 million in a funding round led by Guggenheim Taxable and Qatar Investment Authority, with participation from Mission Holdings, Overlake Capital, Sequoia Capital, Temasek Holdings, and Vulcan Capital, contributing to total funding exceeding $500 million. The funds supported global expansion ambitions, including entry into the US market with its first event planned for 2022. Financial traction showed revenue growth from broadcast and sponsorships, but ticketing remained minimal at levels like $144,000 in later years, overshadowed by marketing and employee expenses. Losses grew rapidly at 127% year-over-year in 2021 before taxes, prompting a shift to digital content amid pandemic impacts on live events. CEO Chatri Sityodtong projected profitability within three years and aimed for a revenue structure mirroring the NFL, with majority from media rights. By FY2023, revenue reached $68 million, mainly from broadcasters at $56.2 million, though losses rose to $90 million. |
| Jun 2020 | Undisclosed stage | - | $70M | - | ONE Championship, the largest global sports media property in Asian history and a Singapore-based mixed martial arts promoter, announced on June 15, 2020, that it raised US$70 million in a funding round from existing institutional investors and a new institutional investor. This brought the company's total capital to US$346 million. The funds were intended to sustain operations and support global expansion amid the COVID-19 pandemic, with the company streamlining operations by reducing worldwide headcount by 20%. CEO Chatri Sityodtong emphasized the strong vote of confidence from investors during the worst global economic crisis in 100 years, stating the company now had nine figures in cash on the balance sheet. This positioned ONE Championship to continue delivering content and experiences to fans worldwide. The organization was already broadcasting to over 150 countries and focused on refocusing on Asia while delaying US market entry due to Covid-19. |
| Oct 2018 | Series D | Sequoia Capital (lead); Temasek; Greenoaks | $166M | $950M | ONE Championship, a Singapore-based martial arts organization and the largest sports media property in Asian history, closed a US$166 million Series D funding round on October 8, 2018, led by Sequoia Capital with participation from Temasek Holdings, Greenoaks Capital, and other institutional investors. This round brought the company's total capital raised to over US$250 million, following prior rounds including a Series C in July 2017 led by Sequoia India and Mission Holdings that pushed capital past US$100 million, and an earlier investment from Heliconia Capital Management, a Temasek subsidiary. The funding supported ONE Championship's global expansion and dominance in the Asian sports media industry, with live events broadcast to 138 countries and a potential audience of 1.7 billion viewers. Sponsors included major brands like Disney, Marvel, LG, Facebook, Casio, and Sony. Key events around this period featured high-profile fights, such as Srisaket Sor Rungvisai defending his WBC super flyweight title in Bangkok and an upcoming Singapore event on November 9, 2018, pitting Angela Lee against Xiong Jingnan. Later developments included additional funding, such as US$70 million in June 2020, US$179 million in December 2021 at a valuation over US$1.35 billion led by Guggenheim Investments and Qatar Investment Authority, and US$50 million in October 2024, with cumulative funding reaching US$565 million by 2024. The company faced significant losses in later years, reporting US$111 million in losses for 2021 per ACRA filings, with total accumulated losses nearing US$400 million since inception, amid ambitions to compete globally including a 2022 Amazon Prime deal. |
| Jul 2017 | Series C | Mission Holdings (lead); Peak XV Partners (lead); Heliconia Capital Management | $100M | - | ONE Championship, a Singapore-based martial arts promotion, reported total revenue of S$16.57 million for FY2017, broken down into sponsorship income of S$10.78 million, broadcast revenue of S$4.74 million, and ticketing revenue of S$1.06 million. This marked an increase from prior years, with earlier filings adjusting sponsorship and broadcast figures upward from initial reports. The company experienced significant losses, with EBIT at -S$34.3 million for 2017, amid heavy investments in growth. ONE Championship operates in the competitive MMA and martial arts space, positioning itself as the largest martial arts organization with events across Asia. Revenue growth continued post-2017, reaching S$37.27 million in 2018, driven by expanded sponsorship and broadcast deals, though the company posted larger losses of -S$81.91 million EBIT that year. The promotion has since scaled, achieving higher revenues in later years like US$46.1 million in 2019 and approaching profitability targets by 2024. |
Who has invested in ONE Championship?
10 investors have backed ONE Championship across its funding rounds, including Sequoia Capital, Temasek, Qatar Investment Authority, Mission Holdings, Peak XV Partners and Vulcan Capital.
Lead investors include Qatar Investment Authority, Guggenheim Taxable, Sequoia Capital, Mission Holdings and Peak XV Partners.
ONE Championship Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Singapore | 2 | Participant | Oct 2018 | |
 Qatar | 2 | Lead | Dec 2021 | |
| Singapore | 2 | Lead | Jul 2017 | |
 San Francisco, CA | 2 | Lead | Oct 2018 | |
| San Francisco, CA | 1 | Participant | Oct 2018 | |
| Singapore | 1 | Participant | Jul 2017 | |
| Seattle, WA | 1 | Participant | Dec 2021 | |
| Washington, DC | 1 | Lead | Dec 2021 | |
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Start Free TrialONE Championship Competitors
ONE Championship competitors include listed companies like Liberty Media and Amagi Media Labs, and private ones like Suning Sports, TMRW Sports, WME and Maya.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Nanjing | Private | - | - | $2.6B | - | |
| Orlando, FL | Private | - | - | $500M | - | |
| Los Angeles, CA | Private | $1.7B | - | $5.5B | 3.2x | |
| United States | Publicly listed | $4.5B | $1.4B | $23B | 5.9x | |
 Manila | Private | - | - | $1.4B | - | |
 India | Publicly listed | $157M | $8M | $1.3B | 6.3x |
ONE Championship Public Comps
ONE Championship is still privately-owned, but its public comps include Pursuit, PVR INOX, Amagi Media Labs, Harmonic, Grupo CIE, Juventus FC, GL Events, Funshine Culture Group, Songcheng Performance and Atlanta Braves Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $452M | $110M | 3.6x | 3.4x | 14.7x | 12.6x | |||
| $689M | $225M | 2.8x | 2.7x | 8.7x | 8.3x | |||
| $157M | $8M | 7.2x | 6.3x | 145.2x | 75.9x | |||
| $361M | $24M | 3.0x | 2.3x | 46.2x | 11.9x | |||
| $317M | $99M | 2.5x | - | 7.9x | - | |||
| $602M | $125M | 2.1x | 2.2x | 10.1x | 10.3x | |||
| $2B | $791M | 1.2x | 1.1x | 3.0x | 7.0x | |||
| $36M | $1M | 10.2x | - | 263.3x | - | |||
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Common questions about ONE Championship
| When was ONE Championship founded? | ONE Championship was founded in 2011. |
| Where is ONE Championship headquartered? | ONE Championship is headquartered in Singapore, Singapore. |
| Is ONE Championship publicly listed? | No, ONE Championship is a private, VC-backed company. |
| What is ONE Championship's valuation? | ONE Championship was last valued at $1.4B in its undisclosed-stage round in October 2024. |
| How much funding has ONE Championship raised? | ONE Championship has raised $565M across 5 funding rounds. |
| What was ONE Championship's last funding round? | ONE Championship's last funding round was a $50M undisclosed-stage round in October 2024, led by Qatar Investment Authority. |
| Who are ONE Championship's investors? | ONE Championship's investors include Temasek, Qatar Investment Authority, Mission Holdings, Sequoia Capital, Greenoaks, Heliconia Capital Management, Overlake Capital, Guggenheim Taxable, Vulcan Capital and Peak XV Partners. |
| What is ONE Championship's revenue? | ONE Championship's latest recorded revenue is $128M (October 2024). |
| What is ONE Championship's revenue multiple? | ONE Championship's latest valuation implies a 10.5x revenue multiple ($1.4B valuation on $128M of revenue). |
| Which companies are comparable to ONE Championship? | Companies comparable to ONE Championship include Suning Sports, TMRW Sports, WME, Liberty Media, Maya and Amagi Media Labs. |
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