Funding

Paid funding news – London-based Paid Secures €10 Million in Pre-Seed Funding

Mar 26, 2025 | By Startuprise

Paid funding news - London-based Paid Secures €10 Million in Pre-Seed Funding

Paid, a business platform for AI agents based in London has raised €10 million in pre-Seed funding to expand its beta program and grow its engineering team in London. The funding round was led by EQT Ventures and Sequoia Capital.

SUMMARY

  • Paid, a business platform for AI agents based in London has raised €10 million in pre-Seed funding to expand its beta program and grow its engineering team in London.
  • Paid is an all-in-one system for AI agents that manages pricing, subscriptions, margins, billing, and renewals with just 5 lines of code.

Manny Medina, Founder and CEO of Paid said, “We’re witnessing a profound transformation in how value is created,” “AI agents aren’t just automating tasks – they’re taking over complete business processes, replacing traditional SaaS software and enabling humans to focus on higher-value work. This new breed of software requires an entirely new business approach.”

Paid’s goal is to grow the AI Agent economy by creating a platform that helps AI agent companies grow and make more profit. The platform offers smart pricing tools and flexible pricing models that match profit with the value provided.

Paid believes they are coming into the market at the right time. The AI agent industry is expected to reach €43 billion by 2030 as AI agents take on full roles and solve complex problems, offering a market much larger than traditional software services.

However, Paid thinks the industry can only reach its full potential if AI agent creators can easily make money and expand their businesses.

Right now, most AI agent builders manually handle billing and charge based on transactions, which doesn’t match the value they provide to customers.

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As more teams, from small startups to individual developers, start building AI agents, there is a growing need for a proper business system. This includes solving problems with making money, managing margins, and showing the true value of the work.

Paid’s platform aims to fix these issues by managing pricing, margins, orders, billing, and renewals with just a few lines of code—everything needed to make money from AI agents easily.

Medina said, “The next wave of billion-dollar companies won’t just be building AI—they’ll be creating entirely new business models around AI agents, With Paid, we’re building the financial infrastructure to make this possible. Just as cloud computing turned software into services, we’re now seeing ‘service-as-software,’ where AI agents transform traditional services into scalable products. This isn’t just a billion-dollar software opportunity; it’s the multi-trillion-dollar service industry being reimagined through AI.”

Doreen Huber, Partner at EQT Ventures, added: “The AI agent economy represents a fundamental shift in how software creates value. At EQT Ventures we aim to back generation-defining companies, and Paid’s vision for modernising the monetisation infrastructure, combined with Manny’s proven track record of building category-defining companies, makes this an exceptional opportunity to shape the future of the AI industry.”

About Paid

Paid is an all-in-one system for AI agents that manages pricing, subscriptions, margins, billing, and renewals with just 5 lines of code. With Paid, you can quickly set up your business operations without needing extra staff, creating a new revenue system, or using outdated solutions.

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