OnlyFans to sell 16% stake to Architect Capital at $3B valuation

OnlyFans announced Friday that it reached a deal to sell a roughly 16% stake to Architect Capital that values the porn streaming site at $3.15 billion, after the Silicon Valley investment firm struggled to clinch backers.Fenix International Limited, which owns OnlyFans, said the deal includes a $535 million investment that will help the revolutionary nudie site offer new financial services for its creators, “who are often underserved by traditional financial institutions and products.”Architect Capital is set to receive backing from a special-purpose vehicle with money raised from a group of investors.James Packer, a media and casino mogul who is one of the richest people in Australia, and Sam Lessin, a venture capitalist and early investor in Venmo, are among those backing the deal, according to the Financial Times.OnlyFans declined to comment.

Architect did not immediately respond to The Post’s request for comment.Architect Capital – a San Francisco-based investment firm known for controversial bets like the Juul vaping brand – had been angling to buy a much larger 60% stake before OnlyFans owner Leonid Radvinsky’s shocking death in March, as The Post exclusively reported.Radvinsky died at age 43 after a secret battle with cancer.The minority stake sale to Architect will leave control of the business to a family trust led by Katie Chudnovsky, his widow.In the wake of the reclusive owner’s death, Architect struggled to find backers for its bid to acquire OnlyFans – even as the company turned around an eye-popping $666 million in operating profit on $1.4 billion in revenue in fiscal year 2025.Despite the platform’s staggering earnings, investors were skeptical that OnlyFans would ever be able to go public due to investing guidelines that largely restrict the porn industry.X-rated sites typically face higher transaction fees – often 5% to 10% versus 2% to 3% – and Visa last year started enforcing stricter chargeback and fraud standards on the ...