PAID Network Successfully Closes Oversubscribed Private Sale

2 min readDec 31, 2020

Private Sale Results

We are pleased to announce that we have successfully closed a $2 Million funding round led by Alphabit Fund & Master Ventures. Our other investor funds and partners include A195, AU21, Brilliance Ventures, Phoenix VC, and X21.

We want to thank our partners and supporters who expressed their interest and as we head toward our public sale we want to share some numbers.

Total Raise — $2 Million

Whitelist Allocation Requests — $21 Million

For those who are still waiting for the allocation, we’ll be reaching out to our community soon to offer whitelist allocation in the public sale. For those who whitelisted after we closed the private sale we are keeping track of your request and will contact you for priority investing into the public sale prior to listing.

Saeed Al Darmaki, Managing Director of Alphabit had the following to say:

“All industries are currently working on migrating their business functions onto the blockchain. At the nexus of transaction management on the blockchain, trust in the smart contracting process will be the key enabler of permissionless secure transactions. PAID Network’s SMART customizable contracting solutions make distributed digital contracting trustless and secure. They will allow the deployment of credible self-executing contracts in any use case.”

What’s Next

We are excited to announce that we’ll be launching our public sale in January. We’ll be releasing more details soon on our Telegram and Twitter.

We are humbled and honored by the overwhelming support of PAID’s fast-growing community of more than 5k Twitter followers and 5k+ members of our Telegram group in less than a month.


PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost friendly DAPP for users and businesses to ensure they #GetPAID. Built on Plasm to leverage both Ethereum and Polkadot ecosystems, PAID Network brings advanced smart agreement technology to decentralized finance to make business more efficient.

PAID Network was launched as a blockchain incubator project by Master Ventures — a venture studio focused on building and funding blockchain projects focusing on driving mass adoption to the industry. Some notable investments from the venture studio include Coinbase, Kraken, Bitfinex, Elrond, Reef, and Ultra.

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