PayPal is shuttering its 10-year-old venture team amid a broader corporate shakeup, according to five sources familiar with the matter. The fund’s headcount has shrunk from more than 10 in late 2025 to now only two, according to an archived version of the website for PayPal Ventures. Meanwhile, the page that listed the venture unit’s employees is no longer visible.
PayPal is also exploring the sale of some of its positions on the secondary market and has hired the investment bank Jefferies to help with potential transactions, said one source familiar with the matter, who declined to be named while talking about private business dealings.
“As part of our continued efforts to sharpen our focus, we are exploring strategic options for our corporate venture capital arm, PayPal Ventures,” a company spokesperson said in a statement. “We don’t have additional details to share at this time.”
A spokesperson for Jefferies didn’t immediately respond to a request for comment.
PayPal established its venture arm in 2016, one year after eBay spun off the fintech into an independent company. Since then, PayPal Ventures, which invests off the fintech’s balance sheet, has backed more than 80 companies across three funds that total more than $850 million. Some of its more prominent bets include the fintech Plaid, the crypto custodian Anchorage Digital, and its exits include Bill.com’s acquisition of the startup Divvy in 2021.
