PayPal Shutters 10-Year Venture Arm, Weighs Sales From $850 Million Portfolio

1 articles · Updated · Fortune · Jun 16

PayPal has effectively wound down PayPal Ventures, cutting the team from more than 10 people in late 2025 to just two and removing its staff page.
Jefferies is helping the company explore strategic options, including secondary-market sales of some venture holdings, as PayPal says it is sharpening its focus.
The unit, launched in 2016, backed more than 80 companies across three funds totaling over $850 million, including Plaid and Anchorage Digital.
Enrique Lores' broader overhaul follows Alex Chriss's February ouster after PayPal shares fell more than 30% during his tenure and board concerns over lagging rivals like Stripe and Apple.
That restructuring already includes Venmo changes, leadership reshuffles and planned staff cuts of 20% over two to three years, tied to a goal of at least $1.5 billion in savings.