TechTechCrunchabout 4 hours ago
PayPal Ventures shutters as company restructuring continues
1 min read
PayPal is winding down its corporate venture arm, PayPal Ventures, which was founded in 2016 and raised $850 million across three funds. The decision follows CEO Alex Chriss's departure and replacement by Enrique Lores, who is refocusing the company on fundamentals and AI. PayPal has hired Jefferies to explore secondary sales of venture holdings.
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