# PayPal Ventures: portfolio, investments and team

> PayPal Ventures is a corporate vc based in United States. 34 investments on record, 3 in the last 12 months, latest Mar 2026.

Source: https://millionrounds.com/fund/paypal-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# PayPal Ventures

Last cheque observed Mar 2026; 34 cheques on record.

Email

Deploying now Corporate VC

Series B Series A Seed Biotechnology Cannabis Market Research

Follow PayPal Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fpaypal-ventures)

Deploying now

**30%** of best year **3** **cheques in 12 months**, 34 on record

Since the last cheque **240** days **00** hrs **00** min **00** sec

Median round **$24M** Rounds led **9 of 34** Sole investor **1 rounds** Exits **1 from the portfolio** Mostly in **United States, 42%**

Pitch PayPal Ventures

## PayPal Ventures highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Series B and Series A: 68% of its rounds
- 03 Sole investor in 1 rounds, median $3.5M
- 04 1 exits from the portfolio

## What they do

> Send and request payments securely, shop online, and manage your payments in one place with PayPal. Translated from Arabic, from their own website

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Biotechnology Cannabis Market Research
- **Based in:** San Jose, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **34 appearances**

- **2026** 3 rounds
- **Mar** **[Cart.com](https://millionrounds.com/company/cart-com)** Growth · US · Ventureburn **$180M** With 7 others
- **Feb** **[Xflow](https://millionrounds.com/company/xflow)** Series A · IN · Ventureburn **$17M** With 6 others
- **Feb** **[EFEX](https://millionrounds.com/company/efex)** Seed · MX · Contxto **$8.0M** *Led*
- **2025** 9 rounds
- **Oct** **[KITEAI](https://millionrounds.com/company/kiteai)** Series A · Ventureburn **$18M** *Led*
- **Sept** **[Finary](https://millionrounds.com/company/finary)** Series B · FR · Ventureburn **$29M** *Led*
- **Sept** **[Ume](https://millionrounds.com/company/ume)** Series B · BR · LatamList **$22M** With 6 others
- **Sept** **[Kite](https://millionrounds.com/company/kite)** Series A · TechStartups **$18M** *Led*
- **Jul** **[Qoala](https://millionrounds.com/company/qoala)** Series C · ID · Next Billion Capital Partners **$47M** *Led*
- **Apr** **[Stitch](https://millionrounds.com/company/stitch)** Series B · ZA · Disrupt Africa **$55M** With 9 others
- **Mar** **[Mendel](https://millionrounds.com/company/mendel)** Series B · MX · LatamList **$35M** With 10 others
- **Jan** **[Formance](https://millionrounds.com/company/formance)** Series A · FR · TechCrunch **$21M** *Led*
- **Jan** **[Olé Life](https://millionrounds.com/company/ole-life)** Series B · PR · LatamList **$13M** *Led*
- **2024** 3 rounds
- **Dec** **[Bureau](https://millionrounds.com/company/bureau)** Series B · IN · TechStartups **$30M** With 9 others
- **Mar** **[NX Technologies](https://millionrounds.com/company/nx-technologies)** Series B · Firms' own news pages **$24M** *Led*
- **Mar** **[Aufinity](https://millionrounds.com/company/aufinity)** Series B · DE · Firms' own news pages **$24M** *Led*
- **2019** 5 rounds
- **Nov** **[TRM Labs](https://millionrounds.com/company/trm-labs)** US · FinSMEs **$4.2M** With 3 others
- **Aug** **[Tala](https://millionrounds.com/company/tala)** Series D · IN · FinSMEs **$110M** With 7 others
- **Apr** **[Happy Returns](https://millionrounds.com/company/happy-returns)** US · FinSMEs **$11M** With 3 others
- **Apr** **[Cambridge Blockchain](https://millionrounds.com/company/cambridge-blockchain)** Series A · US · Forbes **$3.5M** Sole investor
- **Feb** **[Raisin](https://millionrounds.com/company/raisin)** Series D · DE · TechCrunch **$114M** With 3 others
- **2018** 3 rounds
- **Dec** **[Toss](https://millionrounds.com/company/toss)** KR · TechCrunch **$80M** With 7 others
- **May** **[Pine Labs](https://millionrounds.com/company/pine-labs)** IN · VCCircle **$125M** With 1 other
- **Apr** **[Dosh](https://millionrounds.com/company/dosh)** Series A · US · FinSMEs **$44M** With 1 other
- **2015** 2 rounds
- **Apr** **[Loop Commerce](https://millionrounds.com/company/loop-commerce)** Series B · US **$16M** With 12 others
- **Jan** **[Pulsate](https://millionrounds.com/company/pulsate)** Seed · IE **$1.2M** With 3 others
- **2013** 4 rounds
- **Nov** **[Moneytree](https://millionrounds.com/company/moneytree)** Seed · JP · techcrunch.com **$1.6M** With 3 others
- **Nov** **[Loop Commerce](https://millionrounds.com/company/loop-commerce)** Series A · US · techcrunch.com **$7.2M** With 17 others
- **Jan** **[Olo](https://millionrounds.com/company/olo)** Series B · US · techcrunch.com **$5.0M** With 3 others
- **Jan** **[PISTIS Consult](https://millionrounds.com/company/pistis-consult)** Venture · GH **$1.2M** With 4 others
- **2010** 2 rounds
- **Jul** **[Better Finance](https://millionrounds.com/company/better-finance)** Series A · US **$4.5M** With 6 others
- **Jul** **[BillFloat](https://millionrounds.com/company/billfloat)** Series A · US · techcrunch.com **$4.5M** With 6 others
- **2009** 2 rounds
- **Jan** **[BillFloat](https://millionrounds.com/company/billfloat)** Seed · US · gigaom.com **Undisclosed** With 1 other
- **Jan** **[Better Finance](https://millionrounds.com/company/better-finance)** Seed · US **Undisclosed** With 1 other
- **2007** 1 round
- **Oct** **[mFoundry](https://millionrounds.com/company/mfoundry)** Series C · US · venturebeat.com **$15M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **71** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 3 we have independently watched raise

Developers Government Relations NMLS Consumer Access

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[mFoundry](https://millionrounds.com/company/mfoundry)** Bought by [FIS](https://millionrounds.com/fund/fis-impact-ventures) **$165M** Mar 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Series B Series A Seed

Median round joined **$24M** the round, not its cheque Alone, median **$3.5M**

Led 9 of 34 rounds **26%**

- **Sole investor:** 1 rounds
- **Last cheque:** Mar 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series B *10*
- Series A *9*
- Seed *5*
- Series D *2*
- Series C *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Venrock](https://millionrounds.com/fund/venrock) 4
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 4
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 3
- [General Catalyst](https://millionrounds.com/fund/general-catalyst) 3
- [500 Global](https://millionrounds.com/fund/500-startups) 2
- [8VC](https://millionrounds.com/fund/8vc) 2

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## Who they invest alongside

The investors most often in the same rounds as PayPal Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Venrock** VC firm **4** rounds together](https://millionrounds.com/fund/venrock)[**Y Combinator** Accelerator **4** rounds together](https://millionrounds.com/fund/y-combinator)[**Alumni Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**General Catalyst** VC firm **3** rounds together](https://millionrounds.com/fund/general-catalyst)[**500 Global** Angel **2** rounds together](https://millionrounds.com/fund/500-startups)[**8VC** VC firm **2** rounds together](https://millionrounds.com/fund/8vc)[**Alchemy** VC firm **2** rounds together](https://millionrounds.com/fund/alchemy)[**Andrew Fine** Angel **2** rounds together](https://millionrounds.com/fund/andrew-fine)[**Animoca Brands** Accelerator **2** rounds together](https://millionrounds.com/fund/animoca-brands)[**Avalanche Foundation** VC firm **2** rounds together](https://millionrounds.com/fund/avalanche-foundation)[**Baseline Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/baseline-ventures)[**Chuck Geiger** Angel **2** rounds together](https://millionrounds.com/fund/chuck-geiger)

## Recently backed

The latest companies PayPal Ventures put money into.

[**Cart.com** $180M · Mar 2026](https://millionrounds.com/company/cart-com)[**Xflow** $17M · Feb 2026](https://millionrounds.com/company/xflow)[**EFEX** $8.0M · Feb 2026](https://millionrounds.com/company/efex)[**Finary** $29M · Sept 2025](https://millionrounds.com/company/finary)[**Kite** $18M · Sept 2025](https://millionrounds.com/company/kite)[**Mendel** $35M · Mar 2025](https://millionrounds.com/company/mendel)

## Mentioned on podcasts

Episodes that name PayPal Ventures in their description, not their title.

- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 2 Mar 2026 · 1h 8m 1042. News: Is Klarna a reality check for fintech IPO hopes? Mentions [PayPal Ventures](https://millionrounds.com/fund/paypal-ventures)[Richard Davies](https://millionrounds.com/person/richard-davies) Apple Podcasts
- [Equity](https://millionrounds.com/podcasts/equity) 21 Jun 2024 · 34 min Ilya Sutskever's new AI venture, and time to BeReal about bankruptcy With [Ilya Sutskever](https://millionrounds.com/person/ilya-sutskever) Mentions [PayPal Ventures](https://millionrounds.com/fund/paypal-ventures) Apple PodcastsShow page
- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 16 May 2022 · 60 min 628. News: Does the market have Tiger Global by the tail? Mentions [Elon Musk](https://millionrounds.com/fund/elon-musk)[Google](https://millionrounds.com/fund/google-assistant-investments)[Patrick Collison](https://millionrounds.com/fund/patrick-collison) *+1* Apple PodcastsShow page

## Quick answers about PayPal Ventures

### What does PayPal Ventures invest in?

PayPal Ventures invests most often at Series B and Series A (68% of the rounds on record), in sectors such as Biotechnology, Cannabis and Market Research.

### How active is PayPal Ventures?

34 investments on record, 3 of them in the last 12 months, and it led 9. The most recent was in Mar 2026.

### What has PayPal Ventures invested in recently?

Its most recent investments on record: Cart.com (Growth, Mar 2026), Xflow (Series A, Feb 2026) and EFEX (Seed, Feb 2026).

### How big are PayPal Ventures's cheques?

The median round it joins is $24M.

### Does PayPal Ventures lead rounds?

Yes: it led 9 of its 34 investments on record (26%).

### Where does PayPal Ventures invest?

Most of the companies it backs are in the United States (42%), India (13%) and Mexico (6%).

### Is PayPal Ventures investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does PayPal Ventures invest alongside?

Most often Venrock (4 rounds together), Y Combinator (4 rounds together) and Alumni Ventures (3 rounds together).

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