Co-founded by Funk Ventures CEO Andy Funk in 1996, Daily F1 became the ultimate online destination for Formula 1 fans across the world. Daily F1 was best known for providing comprehensive Formula 1 news content and information. The website contained proprietary content which was hard to find anywhere else on the Internet. Live reports, large archives, ticket sales, games, betting and shopping offered the perfect environment for any Formula 1 enthusiast.

Daily F1 provided content to over 8 million frequent visitors in 6 different languages. the company's favorable market position and dominance lead to its acquisition In November 2000.