PayPal shuts down corporate venture arm PayPal Ventures after 10 years
By
Dominic-Madori Davis
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
PayPal is shutting down its corporate venture arm, PayPal Ventures, which was founded in 2016 and made over 80 investments including in Talos Global and Plaid. The company confirmed the wind-down as part of a broader restructuring effort to sharpen its focus, though the statement was nuanced about exploring strategic options for the venture arm.
Key quotes
· 2 pulledAs part of our continued efforts to sharpen our focus, we are exploring strategic options for our corporate venture arm.
PayPal Ventures has made more than 80 investments, including the crypto trading platform Talos Global, fintech infrastructure company Plaid
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