The Technology team advised Paid on an oversubscribed $21.6 million Seed round. The round was led by Lightspeed Venture Partners with participation from new investor FUSE and existing investor EQT Ventures. This brings total funding raised to $33.3 million and the fresh capital will accelerate Paid's mission to help AI Agent builders, from entrepreneurs to scaled SaaS companies, scale their businesses rapidly by monetizing AI agent activities.
Founded by Manny Medina (founder and former CEO of Outreach, which he grew to a $4.4B valuation) Paid is the all-in-one, drop-in Revenue Engine for AI Agents that handles your pricing, subscriptions, margins, billing, and renewals with just 5 lines of code. With Paid, you can instantly spin up your “business back office” without having to hire more people, build your own revenue system from scratch or try to force-fit solutions that were designed for a different generation of software. Paid is purpose-built for AI Agents. Paid is backed by Sequoia Capital, Lightspeed Venture Partners, EQT Ventures, and FUSE.
The Goodwin team was led by Andrew Davis, Emily Townsend, George Fagan and Bennett Jones.
For more information, please read the announcement from Lightspeed.