ONE Championship is making a new pitch to the Qatar Investment Authority in hopes of securing another round of investor funding.
Per a report from DealStreetAsia, the Singapore-based promotion has raised over $500 million in funding to date, including $150 million in ONE’s last round of investments led by Qatar Investment Authority. With that money now running out, ONE is making a new fundraising pitch to the QIA as “ONE’s runway is expected to expire by Q3 of next year.”
It remains to be seen if ONE Championship can secure additional funding, but according to the report, “the Qataris have been increasingly embarrassed about their involvement with ONE, which has been under the spotlight for its weak financials among other things.