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. PayPal Ventures has made more than 80 investments, including the crypto trading platform Talos Global, fintech infrastructure compan…
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