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OnlyFans sells minority stake
Bloomberg Tech·
Content subscription platform OnlyFans has sold a 16% stake to Architect Capital, valuing the British company at approximately $3.15 billion. This significant transaction occurs shortly after the death of its owner, Radvinsky. The deal indicates continued investor interest in the platform, despite its primary association with adult content. OnlyFans has been exploring diversification and growth strategies, and this investment from Architect Capital is expected to support those endeavors. The valuation reflects the platform's substantial user base and revenue generation capabilities within its niche market.
Tags
fintech
funding
Original Source
Bloomberg Tech — bloomberg.com