ONLYFANS SCALES BACK STAKE SALE IN FUNDING TALKS
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
OnlyFans is negotiating to sell less than 20% of the company at a $3 billion-plus valuation, a significant retreat from previous plans to offload around 60% at a $5.5 billion valuation, according to Financial Times sources.
■ MORE FROM THE STARTUPS DESK
India's Airbound has secured $37 million in funding to scale its lightweight drone delivery service, positioning itself as a competitor to traditional trucking logistics. The round was backed by Greenoaks, DoorDash, and investor Lachy Groom.
Optical interconnect startup Quintessent secured $40 million in Series A funding led by Cycle Capital, building on its $11.4 million seed round from 2024.
Lambda Inc., an Nvidia-backed AI cloud computing provider, is in talks to raise up to $3 billion in a pre-IPO funding round that could position the company for a public listing next year.
Robotics startup Generalist has secured approximately $200 million in new funding led by 8VC, following a $400 million raise in June. The company released its GEN-1 model for physical task completion in April.