I plan on conducting a private investor round for our ICO. Is it necessary that I have to deploy smart contracts for this too?

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See if your ico is a blockchain based startup that requires a smart contract deployment this doesn't mean in anyway that u need that to reward your investors with coins or tokens. U just send them out those digital assets in return of their investments without this involving in anyway shape or form any smart contracts ... Unless you want the system to take care of your transactions without your manual intervention then u can develop a smart contract to take care of exactly that . But besides that no need for a smart contract at all. Hope this is clearer now ?
Not at all. You can issue tokens / coins in return for investment - that's it.