# Formula 1

**Source:** https://www.startuphub.ai/startups/formula-1
**Profile type:** Startup

> The pinnacle of motorsport, a global racing championship and entertainment property.

## About

Formula 1 (F1) is the highest class of international racing for open-wheel single-seater formula racing cars, governed by the Fédération Internationale de l'Automobile (FIA). It encompasses the annual Formula One World Championship, featuring a series of Grand Prix races held worldwide, and is a major global media and entertainment property, known for its high-speed racing, technological innovation, and compelling narratives.

## Key facts

- **Slug:** formula-1
- **Website:** https://www.formula1.com/
- **Location:** London, England, United Kingdom
- **Founded:** 1950-01-01 00:00:00
- **Employees:** 750
- **Operating status:** Active
- **Total funding:** $4.7B
- **Sectors / tags:** Sports, Media & Entertainment, Automotive, Events, Sports Tech, Media, Entertainment, Broadcasting, Event Management
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/formula-1/
  - Twitter: https://twitter.com/F1
  - Facebook: https://www.facebook.com/Formula1/

## Frequently asked

### What does Formula 1 do?

Formula 1 (F1) is the highest class of international racing for open-wheel single-seater formula racing cars, governed by the Fédération Internationale de l'Automobile (FIA). It encompasses the annual Formula One World Championship, featuring a series of Grand Prix races held worldwide, and is a major global media and entertainment property, known for its high-speed racing, technological innovation, and compelling narratives.

### What is Formula 1's valuation?

StartupHub estimates Formula 1's effective valuation at $4.4B (range $3.1B to $5.8B, 26% confidence), based on comparable companies in the sector.

### How much funding has Formula 1 raised?

Formula 1 has raised a total of $4.7B in funding. The most recent round on record is Acquisition.

### Where is Formula 1 headquartered?

Formula 1 is headquartered in London, England, United Kingdom.

### When was Formula 1 founded?

Formula 1 was founded in 1950.

### What industry does Formula 1 operate in?

Formula 1 operates in Sports, Media & Entertainment, Automotive, Events, Sports Tech, Media.

### How many employees does Formula 1 have?

Formula 1 has approximately 750 people on record.

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