--- title: "PayPay Ventures shutters as company restructuring continues" url: https://daily.dev/posts/paypay-ventures-shutters-as-company-restructuring-continues-zaurvmonc source_url: https://techcrunch.com/2026/06/17/paypay-ventures-shutters-as-company-restructuring-continues type: article source: "TechCrunch" published: 2026-06-17T16:10:50.343Z updated: 2026-06-17T16:12:25.704Z tags: ["startup", "fintech", "paypal"] reading_time: 2 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # PayPay Ventures shutters as company restructuring continues **[TechCrunch](https://daily.dev/sources/tc)** · 2 min read · 0 upvotes · 0 comments ## Summary PayPal Ventures, the corporate venture arm founded in 2016, is winding down after making over 80 investments and raising $850 million across three funds. The closure follows the departure of CEO Alex Chriss and the appointment of Enrique Lores, who is restructuring the company with ongoing cuts and layoffs. PayPal is also exploring secondary sales of its venture holdings via Jefferies. The shutdown removes PayPal's window into emerging fintech startups, though the company's AI repositioning ambitions may leave the door open for future venture activity. The news also coincides with a $30 million DOJ settlement over a 2020 minority-focused investment program and an ongoing racial discrimination lawsuit. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [PayPal says it’s ‘becoming a technology company again.’ That means AI.](https://daily.dev/posts/paypal-says-it-s-becoming-a-technology-company-again-that-means-ai--vdhm4pmhx) · TechCrunch · 0 upvotes · 1 comments - [PayPal hires HP's Enrique Lores as its new CEO](https://daily.dev/posts/paypal-hires-hp-s-enrique-lores-as-its-new-ceo-hkbomknw0) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#startup](https://daily.dev/tags/startup), [#fintech](https://daily.dev/tags/fintech), [#paypal](https://daily.dev/tags/paypal) [View this post on daily.dev](https://daily.dev/posts/paypay-ventures-shutters-as-company-restructuring-continues-zaurvmonc)