Mixed martial arts firm One Championship raises $70 mln, but cuts 20% of staff

SINGAPORE (Reuters) - Asian mixed martial arts promotion firm One Championship said on Monday had raised $70 million (£55.4 million) in a new funding round, but was cutting 20% of its staff - a move which comes after not being able to stage events since February due to the coronavirus pandemic.The Singapore-based startup, which is backed by Sequoia Capital, said in a statement "it has added $70 million to its war chest, bringing total capital to US$346 million".It said the new funds came from..