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Olive announced a $1 million seed round to fuel growth of its software that helps companies streamline IT procurement.



a group of people standing next to a body of water: The Olive team, pre-COVID. (Olive Photo)


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The Olive team, pre-COVID. (Olive Photo)

The Vancouver, B.C.-based startup aims to replace a traditionally manual evaluation process with spreadsheets, meetings, and word docs. Its platform lets vendors promote their products and helps buyers evaluate the options. The company says it can help trim the enterprise software buying process to less than eight weeks, versus several months or even years.

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“Put simply, buying without Olive is like selling without a CRM,” said CEO and co-founder Chris Heard.

Olive initially saw impact on its sales due to the pandemic as many of its customers are large restaurant chains. The company widened its reach and is now seeing business accelerate, Heard said.

“The fact that companies from across the globe are all trying to find innovative new

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