Moov Announces Austin as HQ2

Moov Announces Austin as HQ2-01
  • Moov’s Austin HQ2 is located in the heart of the Texas capital’s downtown
  • The new office will adopt a hybrid model of working; employees whose roles are based in Austin or Tempe may choose to live in either city
  • Austin-based executives will emphasize sales-team expansion                                         A data-fueled marketplace for used manufacturing equipment, today announced that Austin, Texas, will be the location of the company’s second headquarters.The Tempe, Arizona-headquartered company will occupy 3,527 square feet at 701 Brazos St., site of the Omni Austin Hotel Downtown and Capital Factory, the startup accelerator, investment fund and co-working company. Cushman & Wakefield served as Moov’s commercial real estate broker.“This decision establishes a beachhead for Moov in one of the country’s most critical, if not the most significant, current hotbeds for the semiconductor industry,” said Moov co-founder and CEO Steven Zhou.

    Raymond Mahon, Moov’s director of customer success, will head the Austin office. Sammy Mustafa, the company’s partner development manager, will lead expansion of Moov’s sales team in the Texas capital. Mahon said Moov’s Austin office would adopt a hybrid work model. View the company’s job openings here.

    “We’re not satisfied with our more than 300% year-over-year revenue growth,” Mahon said. “We’re keeping our foot on the gas, and our growth is speeding up. We are projecting to do nine figures in revenue this year.”

    Moov achieved profitability last year, but now is “laser-focused on hyper-growth, and increasing the company’s existing market share lead,” Zhou said.                                   Also Read: Effectively Predicting Customer Behavior with Customer Experience Automation

    Moov is the world’s most valuable used semiconductor equipment marketplace, and the fastest-growing.

    “Opening an Austin office increases the talent pool from which Moov can recruit,” Mahon said. “We want to maximize the flexibility we offer our employees: Our people may choose to live in Austin or Tempe, regardless of role. We hope that opportunity enables us to attract the best talent from two of the nation’s hottest semiconductor-industry hubs — the Texas capital and the Greater Phoenix area.”

    Moov’s HQ2 news comes just a few months after the announcement of the company’s $41 million Series A funding round led by Tiger Global.

    The recent capital raise and the opening of the company’s Austin office are representative of Moov’s continued expansion push. It plans to open an East Coast office; increase Moov’s current presence in China and Taiwan; and open new offices in Europe, Japan, Singapore and South Korea.

    For more such updates follow us on Google News TalkCMO News.