Overview
- Fenix International sold a 16% stake to Architect Capital for $535 million, setting a $3.15 billion valuation for OnlyFans’ parent.
- Control of the company remains with Leonid Radvinsky’s estate under his widow, Yekaterina “Katie” Chudnovsky.
- Architect says the funding will help OnlyFans streamline payments and expand services for creators while keeping its inclusive content policy.
- The deal is backed by a special-purpose vehicle with investors reported to include James Packer and Sam Lessin.
- OnlyFans reported $7.22 billion in gross revenue for fiscal 2024 and says it has 4 million creators, 377 million fan accounts, and over $25 billion paid to creators.