POPA ReconPayPal Winds Down Its Venture Capital Arm
PayPal Winds Down Its Venture Capital Arm PayPal is winding down PayPal Ventures, its 10-year-old corporate VC arm, as the fintech restructures under new leadership. PayPal has hired Jefferies to explore selling positions on the secondary market. The unit backed 80+ companies across $850M in funds, including Plaid and crypto custodian Anchorage, but its team has shrunk from 10+ to just two. It is part of a broader shakeup after previous CEO stepped down, with PayPal refocusing on AI and its core business. 👉 fortune.com/2026/06/16/paypal-ventures-wind-down-corporate-restructuring-enrique-lo…
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