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9:10 AM PDT · June 17, 2026

PayPal Ventures is no more.

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 TechCrunch, 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.