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Corporate Venture
FINANCE | Investment Firms & Funds
paypal.com/us/webapps/mpp/paypal-ventures

Investments

92

Portfolio Exits

11

Funds

1

About PayPal Ventures

PayPal Ventures, the venture capital arm of PayPal, invests for return in areas of strategic interest to PayPal.

Headquarters Location

San Jose, California, 95131,

United States

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Latest PayPal Ventures News

Paxos Regulated Stablecoin Platform Reaches Five-Year Milestone, Has Issued $120B+ in Stablecoins

Sep 19, 2023

News provided by Share this article Share toX Blockchain infrastructure leader delivers five years of access to the world's safest, well-regulated digital dollars across offerings NEW YORK, Sept. 19, 2023 /PRNewswire/ --  Paxos , the leading provider of blockchain infrastructure for enterprises, celebrates the five-year anniversary of its regulated stablecoin platform. Over the past five years, the company has issued and redeemed more than $120 billion in USD-backed stablecoins across its offerings while setting the market standard for regulatory oversight. All Paxos stablecoins have been issued from the company's New York trust with prudential oversight from the New York State Department of Financial Services. Paxos debuted the first regulated, fully redeemable USD-backed token in 2018. In the five years since, the company has grown its tokenization capabilities into a suite of platform offerings that power stablecoin solutions for global enterprises like Mercado Libre and Mastercard. In August, Paxos launched PayPal USD (PYUSD) , now available to more than 100 million PayPal users and throughout the crypto ecosystem. By partnering with PayPal, Paxos is enabling a new level of adoption and utility that will define the next wave of stablecoin growth. Walter Hessert, Head of Strategy at Paxos, commented, "Stablecoins will become a trillion-dollar asset class as blockchain technology expands across the applications used everyday by consumers. The Paxos platform empowers our enterprise partners to enable payments, settlement, remittances and other real world use cases of stablecoins for hundreds of millions of end users. We offer the safety, security and oversight that enterprises need to enter this new frontier with confidence. Paxos has been instrumental in establishing and increasing the integrity of blockchain and digital asset markets by setting the standard for reserve disclosures and securing prudential regulation for each of its individual tokens. Moving forward, Paxos will continue to set the standard in stablecoin operations with robust consumer protections, frequent regulatory examinations, monthly independent attestations and monthly reserve reporting. This compliance-driven approach has proven indispensable to global brands like PayPal, Mastercard, Interactive Brokers, Mercado Libre, Nubank and others as they begin their journey into digital assets. Today, Paxos infrastructure powers more than 12 million active wallets globally through its enterprise partnerships. The Paxos stablecoin platform leverages Ethereum and will expand into multiple other blockchains as it helps to create a more open, accessible economy for all. Paxos stablecoins are always backed one-for-one by cash and cash equivalents, with all customer assets held in segregated accounts and protected from bankruptcy as a New York State regulated Trust company. Paxos stablecoins USDP and PYUSD are issued by Paxos Trust Company and regulated by the New York Department of Financial Services. Financial institutions around the world have adopted Paxos' scalable, interoperable institutional grade blockchain products, including white label stablecoins, digital asset-enabled wallets, custody and settlement solutions. With a strong balance sheet, prudential oversight and robust compliance programs, Paxos' blockchain infrastructure is tailor-made to serve the needs of sophisticated global enterprises with billions in assets and millions of customers to protect. For more information on Paxos please visit here . About Paxos Paxos  is the leading regulated blockchain infrastructure and tokenization platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way. Paxos partners with leading global enterprises to tokenize, custody, trade and settle assets. Its blockchain solutions are used by institutions like PayPal, Interactive Brokers, Mastercard, Mercado Libre, Nubank, Bank of America and Societe Generale. It is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Prudentially regulated by the NYDFS in the US and the MAS in Singapore, Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures. With offices in New York, London and Singapore, Paxos takes a global approach to modernizing the financial system. SOURCE Paxos

PayPal Ventures Investments

92 Investments

PayPal Ventures has made 92 investments. Their latest investment was in Anzu as part of their Series B - III on June 6, 2023.

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PayPal Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/27/2023

Series B - III

Anzu

$48M

Yes

5

6/9/2023

Series A

Nocnoc

$14M

Yes

6

5/31/2023

Series B

Magic

$52M

Yes

8

4/3/2023

Series B

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$99M

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10

3/8/2023

Series E - II

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10

Date

6/27/2023

6/9/2023

5/31/2023

4/3/2023

3/8/2023

Round

Series B - III

Series A

Series B

Series B

Series E - II

Company

Anzu

Nocnoc

Magic

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Amount

$48M

$14M

$52M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

5

6

8

10

10

PayPal Ventures Portfolio Exits

11 Portfolio Exits

PayPal Ventures has 11 portfolio exits. Their latest portfolio exit was Even on January 26, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/26/2022

Acquired

$99M

13

9/7/2021

Acquired

$99M

9

6/28/2021

Merger

$99M

3

6/24/2021

Acquired

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$99M

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10

5/13/2021

Acquired

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$99M

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10

Date

1/26/2022

9/7/2021

6/28/2021

6/24/2021

5/13/2021

Exit

Acquired

Acquired

Merger

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

13

9

3

10

10

PayPal Ventures Fund History

1 Fund History

PayPal Ventures has 1 fund, including Minority Business & Community Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/17/2020

Minority Business & Community Fund

$530M

2

Closing Date

6/17/2020

Fund

Minority Business & Community Fund

Fund Type

Status

Amount

$530M

Sources

2

PayPal Ventures Team

2 Team Members

PayPal Ventures has 2 team members, including current Managing Partner, James Loftus.

Name

Work History

Title

Status

James Loftus

Managing Partner

Current

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Name

James Loftus

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Work History

Title

Managing Partner

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Status

Current

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