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PayPal Ventures shutters as company restructuring continues
Key takeaways
- Five sources told Fortune that the corporate venture arm, which was founded in 2016, would be winding down operations.
- “As part of our continued efforts to sharpen our focus, we are exploring strategic options for our corporate venture arm,” the spokesperson said in an email.
- Pay Pal Ventures has made more than 80 investments, including the crypto trading platform Talos Global, fintech infrastructure company Plaid, and the crypto bank Anchorage Digital.
Five sources told Fortune that the corporate venture arm, which was founded in 2016, would be winding down operations. A company spokesperson confirmed the news to Tech Crunch, albeit with a nuanced statement.
“As part of our continued efforts to sharpen our focus, we are exploring strategic options for our corporate venture arm,” the spokesperson said in an email.
Pay Pal Ventures has made more than 80 investments, including the crypto trading platform Talos Global, fintech infrastructure company Plaid, and the crypto bank Anchorage Digital. It has raised $850 million across three funds.
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