COMPANY INFO
The actual company name is PayPal Holdings, Inc., founded in December 1998 originally as Confinity. Founders include Max Levchin, Peter Thiel, Luke Nosek, Yu Pan, Elon Musk, Ken Howery, Harris Fricker, Christopher Payne, and Ed Ho. As of 2024, PayPal has approximately 24,400 employees. The company's website is paypal.com, and it operates in the financial technology industry. PayPal Holdings, Inc. is a multinational financial technology company that operates an online payments system serving as an electronic alternative to traditional paper methods such as checks and money orders. It facilitates online money transfers and payment processing for online vendors, auction sites, and other commercial users worldwide.
PayPal Holdings, Inc., founded in December 1998, is a leading multinational financial technology (fintech) company that operates a global online payments system. With approximately 24,400 employees as of 2024, PayPal Holdings, Inc. was created by a renowned team including Max Levchin, Peter Thiel, Luke Nosek, Yu Pan, Elon Musk, Ken Howery, Harris Fricker, Christopher Payne, and Ed Ho. PayPal serves as an electronic alternative to traditional payment methods, facilitating online money transfers and processing payments for vendors, auction sites, and commercial users worldwide.
PayPal Holdings, Inc. has demonstrated a robust funding journey, securing a total of $216M over 7 funding rounds. The company’s funding history reflects strategic investments across seed, early, and late-stage rounds, followed by significant post-IPO financings. Key milestones in PayPal's trajectory include major Series B, C, and D venture capital infusions aimed at rapid product development and scaling, followed by post-IPO investments that have supported continued corporate growth and expansion. The funding strategy for PayPal investors is characterized by involvement from both traditional venture capital firms and prominent hedge funds, contributing to its strong financial standing and global expansion.
This post-IPO funding round was focused on supporting corporate growth and expansion activities to strengthen PayPal's global presence.
Another post-IPO funding round, this raise was aimed at further enabling PayPal’s expansion and strategic corporate development initiatives.
This late-stage growth round was critical for market expansion and scaling operations, setting the stage for PayPal’s eventual IPO.
A major Series C funding round with a focus on product development and increasing operational scale to capture greater market share.
This round financed significant market expansion and provided resources for expanding business development initiatives.
An early funding round with unspecified purpose, contributing to the company’s foundational growth.
Initial seed funding which enabled PayPal to launch and develop its first-generation product.
Elliott Management is a leading investment management firm specializing in event-driven and value investing. As a major PayPal investor in the 2022 post-IPO round, Elliott Management's involvement underscored confidence in PayPal’s long-term growth prospects.
Third Point, founded by Daniel Loeb, participated as a key PayPal investor in the 2018 post-IPO round, providing capital to fuel corporate growth and strategic initiatives.
A global banking group, Credit Agricole co-led PayPal’s Series D round, contributing resources to support PayPal’s late-stage growth and expansion.
ING, an international banking giant, also co-led the Series D round, providing important venture capital to help drive PayPal’s market leadership.
MDP (Madison Dearborn Partners), a prominent private equity firm, was a lead investor in the Series C round that helped scale PayPal's operations and accelerate product innovation.
Temasek, Singapore's state-owned investment company, co-led the Series C round, offering significant financial support for product and operational expansion.
As a leader in the Series B round, Integral Capital Partners delivered essential early venture funding that supported PayPal’s business development and market expansion.
Goldman Sachs co-led the Series B round, providing vital capital and financial expertise to advance PayPal’s early growth trajectory.
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