About Olive
Olive is a company based in Vancouver (Canada) founded in 2018 by Chris Heard and Dan Harrison. It operates as a SaaS (Software-as-a-Service). Olive has raised $4 million across 3 funding rounds from investors including Techstars, Chicago Ventures and Active Capital. Olive offers products and services including Olive Platform, RFP Creation Tool, and Requirements Management. Olive operates in a competitive market with competitors including Engineering Ingegneria Informatica, Jamcracker, Gravitant, SelectHub and Eshgro, among others.
- Headquarter Vancouver, Canada
- Founders Chris Heard, Dan Harrison
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 3 rounds
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Latest Funding Round
$3 M (USD), Seed
Apr 18, 2022
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Investors
Techstars
& 3 more
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Employee Count
Employee Count
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Products & Services of Olive
Olive offers a comprehensive portfolio of products and services, including Olive Platform, RFP Creation Tool, and Requirements Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-driven platform for IT vendor evaluation and selection.
Tool for creating RFPs aligned with business needs.
AI-powered solution for managing IT project requirements.
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Sales and Marketing
2 people
Leadership Team
1 people
Operations Team
1 people
Fractional Team
1 people
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Funding Insights of Olive
Olive has successfully raised a total of $4M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $3.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2022 | Amount | Seed - Olive | Valuation | Chicago Ventures |
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| Sep, 2020 | Amount | Seed - Olive | Valuation | Active Capital | |
| Apr, 2020 | Amount | Seed - Olive | Valuation | Techstars |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Olive
Olive has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Techstars, Chicago Ventures and Active Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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VC firm investing in seed stage tech companies in the US
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Private equity investments in Europe are managed by Novator Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Olive
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Olive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Olive Comparisons
Competitors of Olive
Olive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Engineering Ingegneria Informatica, Jamcracker, Gravitant, SelectHub and Eshgro, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consulting, conception, planning, and implementation services are provided.
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| domain | founded_year | HQ Location |
Cloud services are brokered and enabled for organizational management.
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| domain | founded_year | HQ Location |
Cloud services brokerage and management are facilitated via specialized software.
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| domain | founded_year | HQ Location |
Provider of a platform for software evaluation
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| domain | founded_year | HQ Location |
Provides cloud-based IT services, cybersecurity, and workplace solutions for organizations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Olive
Frequently Asked Questions about Olive
When was Olive founded?
Olive was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Olive located?
Olive is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Olive?
Chris Heard is the current CEO of Olive. They have also founded this company.
Is Olive a funded company?
Olive is a funded company, having raised a total of $4M across 3 funding rounds to date.
What does Olive do?
Olive is established as an AI-powered platform for IT vendor management, research, and procurement. It is designed to assist businesses in making faster and unbiased technology decisions. Solutions are provided across industries such as consulting, healthcare, finance, manufacturing, retail, and restaurants. Key areas of focus include AI, ERP, HR software, LMS, cybersecurity, and digital transformation. The platform is built to streamline RFP creation, requirements management, and vendor evaluation, ensuring decisions are made without vendor bias or sales pressure.
Who are the top competitors of Olive?
Olive's top competitors include Engineering Ingegneria Informatica, Jamcracker and Gravitant.
What products or services does Olive offer?
Olive offers Olive Platform, RFP Creation Tool, and Requirements Management.
Who are Olive's investors?
Olive has 4 investors. Key investors include Techstars, Chicago Ventures, Active Capital, and Novator Partners.
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