OnlyFans has agreed to sell a 16% ownership stake to Architect Capital in a deal worth $535 million. The transaction values OnlyFans at around $3.15 billion and gives the company new funding as it continues growing its creator-focused business.
The deal comes after the death of OnlyFans majority owner Leonid “Leo” Radvinsky earlier this year. Ownership of the platform has since moved to his family trust, led by his wife Katie Chudnovsky. Reports previously suggested Architect Capital was considering buying a much larger stake, but the final agreement allows the family to remain in control of the company.
Architect Capital’s investment group reportedly includes several major investors, such as Australian billionaire James Packer and investor Sam Lessin.
Along with funding, Architect Capital plans to help OnlyFans develop financial and fintech services for creators. Many adult content creators face difficulties with banks and payment providers, so the company hopes to build tools that make payments and financial management easier and more reliable.
Despite a lower valuation than some earlier estimates, OnlyFans remains highly profitable. The platform reportedly generated over $1.4 billion in revenue and nearly $684 million in pre-tax profit during its latest fiscal year, while serving millions of creators and hundreds of millions of users worldwide.
The new partnership signals that OnlyFans wants to grow beyond being just a subscription platform and become a larger financial ecosystem for online creators.
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