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OnlyFans Is Moving Away From Adult Content
<p>OnlyFans will reportedly be moving away from adult content in the new year, looking instead to pivot towards showcasing a wider range of celebrities and athletes. The site, which is widely known for being a platform for adult content and sex work, is now reportedly looking to attract more...
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OnlyFans Seeks New Funding at Valuation Above $1 Billion
OnlyFans, a site where celebrities and adult-film stars charge admirers for access to videos and photos, is in talks to raise new funding at a company valuation of more than $1 billion, according to people with knowledge of the matter.
www.bloomberg.com
The site, which is widely known for being a platform for adult content and sex work, is now reportedly looking to attract more advertisers by cutting ties with its past.
Although the London based company boasts impressive numbers, OnlyFans may well find it difficult to attract traditional venture capital investors, who may have agreements in place stopping them from investing in ‘vice’ industries such as alcohol, guns and porn.
OnlyFans, a site where celebrities and adult-film stars charge admirers for access to videos and photos, is in talks to raise new funding at a company valuation of more than $1 billion, according to people with knowledge of the matter.
The startup, which is profitable, is working with an adviser to solicit interest from investors, said one of the people, who asked not to be identified because the discussions are private. The idea is to find backers who can help it become more of a mainstream media platform and lessen its reputation for porn.