OnlyFans founders death leaves investment firm struggling to complete acquisition deal | Latest Tech News
A Silicon Valley investment firm is struggling to discover backers for its bid to purchase OnlyFans following the death of the porn web site’s reclusive proprietor, The Post has discovered.
Architect Capital – a San Francisco-based investment firm recognized for controversial bets including the Juul Labs vaping model – has been angling to buy a 60% stake in OnlyFans with the help of New York investment bank Moelis & Co., The Post solely reported last month.
Terms of the possible deal – which have been mentioned before OnlyFans proprietor Leonid Radvinsky’s death from cancer at age 43 reported this week – worth the money-minting smut platform at $3.5 billion, according to sources close to the state of affairs.
OnlyFans proprietor Leonid Radvinsky died from cancer at age 43. Leonid Radvinsky/Facebook
On the face of it, that appears like a rock- backside price given the money cranked out by OnlyFans. For the fiscal yr ended Nov. 30, 2024, OnlyFans had $666 million in working revenue on $1.4 billion in income, according to UK company filings.
The key downside: Prospective consumers fear that OnlyFans, despite its eye-popping income, may never be taken public. In addition to investing pointers that stop many funds from plowing into porn, OnlyFans has confronted banking issues because of its area of interest, insiders say.
“They are still trying to round up the money and people are thinking through long term exit issues,” a source close to the talks said.
“The company had been struggling to find a buyer largely because of the porn stigma. But it has incredible financials that are very attractive,” one of the sources told The Post last month.
OnlyFans, Moelis and Architect didn’t immediately reply to requests for remark.
Last yr, Visa started imposing stricter chargeback and fraud requirements that slammed OnlyFans. X-rated websites also face increased transaction charges – often 5% to 10% versus 2% to 3% for conventional e-commerce, according to a report this yr by funds processor Myntpay.
In latest months, insiders say OnlyFans has thought-about addressing its long-running banking woes with plans to buy or companion with a financial technology company, sources say.
Payments corporations such as CCBill and Segpay have served the smut panorama for years. More just lately, however, startups have touted utilizing crypto technology to take away friction in grownup content banking and funds.
New York investment bank Moelis & Co. was tapped to help broker a deal. Bloomberg via Getty Images
Radvinsky made $7.4 billion by taking porn to the mainstream and serving to people post their most intimate moments on the web for money.
OnlyFans enriched a quantity of creators, who mourned the founder’s passing.
They included Sophie Rain — an grownup star who earned a mind-boggling $95 million on OnlyFans between 2023 and 2025.
“I don’t even know how to put this into words. That man built something that changed my entire life. Like, I grew up on food stamps and now I can take care of my whole family because of a platform he created. I will never forget that,” she told The Post.
Piper Rockelle, another top earner on OnlyFans, said she was “still processing” Radvinsky’s death.
“I’ve only been on the platform since January but it already changed everything for me,” she said.
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