About Formula 1
Formula 1 is a company based in Dudley (United Kingdom) founded in 1950 was acquired by CVC in November 2005.. Formula 1 offers products and services including Racing Events and F1 TV Subscription.
- Headquarter Dudley, United Kingdom
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Formula One World Championship Limited
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Products & Services of Formula 1
Formula 1 offers a comprehensive portfolio of products and services, including Racing Events and F1 TV Subscription. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Racing events are organized as high-speed competitions on international circuits
F1 TV subscription services are provided for streaming races and exclusive content to viewers
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Software Development Team
48 people
Senior Team
28 people
Leadership Team
22 people
Legal and Compliance
10 people
Head Team
8 people
Finance and Accounting
8 people
Product Management Team
8 people
Creative and Marketing Team
7 people
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Funding Insights of Formula 1
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $3.3B
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Debt – Conventional - Formula 1 | Valuation |
investors |
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| Jun, 2000 | Amount | Private Equity Round - Formula 1 | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Formula 1
Formula 1 has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include CVC and Hellman & Friedman. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on acquisitions
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Founded Year | Domain | Location | |
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Mezzanine financing and equity investments are provided by CVC.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Formula 1
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Formula 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Formula 1 Comparisons
Competitors of Formula 1
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Formula 1
Frequently Asked Questions about Formula 1
When was Formula 1 founded?
Formula 1 was founded in 1950 and raised its 1st funding round 50 years after it was founded.
Where is Formula 1 located?
Formula 1 is headquartered in Dudley, United Kingdom. It is registered at Dudley, West Midlands, United Kingdom.
Who is the current CEO of Formula 1?
Chase Carey is the current CEO of Formula 1.
What does Formula 1 do?
Formula 1 was established in 1950 and is headquartered in Dudley, United Kingdom. Operations are centered in the motorsport sector, where global Formula 1 Grand Prix events are coordinated across various countries. Services encompass race scheduling, regulatory oversight for teams and drivers, and management of broadcasting and sponsorship agreements. The domain formula1.com is utilized for official communications. Leadership is provided by CEO Chase Carey, overseeing annual championship series.
What products or services does Formula 1 offer?
Formula 1 offers Racing Events and F1 TV Subscription.
Who are Formula 1's investors?
Formula 1 has 2 investors. Key investors include CVC, and Hellman & Friedman.
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