QIA Increases Backing of UFC Rival Worth $1.35 Billion (Correct)

Group One Holdings, the company behind mixed martial arts brand One Championship, raised at least $50 million from investors including Qatar Investment Authority, according to people familiar with the matter.

The round gives Group One a valuation of at least $1.35 billion, one of the people said. That is similar to the post-money valuation from a previous round in
2021, which QIA led with Guggenheim Investments.

A representative for Group One confirmed the latest fundraising round, but declined to comment on the amount or provide other details. QIA declined to comment.

Group One, a rival of ...