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OnlyFans in Advanced Talks to Sell Sub-20% Stake to Architect Capital at $3 Billion-Plus Valuation

The potential deal tests whether a highly profitable adult-content platform can draw outside money despite reputational and payments hurdles.

Overview

  • OnlyFans is in advanced talks with San Francisco-based Architect Capital to sell a stake of under 20 percent, according to reports published Friday, in a deal that would value the UK company at just over $3 billion.
  • People familiar with the discussions said an agreement could come as soon as May, and the minority sale could set up additional stake sales later.
  • Architect plans to raise money for the purchase through a special-purpose vehicle and to work with OnlyFans on new financial services and products for creators.
  • Control of the company remains with a family trust after majority owner Leonid Radvinsky died in late March at age 43, and his death has accelerated deal talks.
  • OnlyFans filed $1.4 billion in 2024 revenue and about $666 million in operating profit, yet many mainstream investors avoid porn businesses because card networks impose stricter chargeback rules and payment processors charge higher fees, and earlier talks that implied $5.5 billion to $8 billion valuations did not lead to a sale.