Olive raises $1M seed from Active Capital to accelerate IT procurement platform, aims to cut buying to under eight weeks

Vancouver startup Olive raised a $1 million seed round led by Active Capital to expand its IT procurement platform that shortens enterprise software buying from months or years to under eight weeks. The Techstars Seattle graduate, founded by CEO Chris Heard and CTO Dan Harrison, has five employees and saw accelerated demand as companies seek cost-effective procurement solutions amid the pandemic.