Dooap, an accounts payable software startup, that it is moving its headquarters from New York City to Austin.
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Dooap is a subsidiary of , a Finnish digital financial process automation company.聽
In a press release, Dooap鈥檚 co-founder Antti Kosunen said the company considered Austin to be 鈥渁 growing hotbed for technology innovation.鈥
鈥淲e鈥檙e looking forward to drawing upon an innovative and experienced talent base and strategic partnership opportunities to build upon the growing market demand for AP automation,鈥 he added.
Dooap told the that it 鈥渉as a total of 19 employees, and it will start with seven people in its Austin HQ.鈥
The company also just tapped Mikko 贬测迟枚苍别苍 to serve as its new CEO. Prior to joining Dooap, 贬测迟枚苍别苍 served as CEO at two software companies that were later acquired: Toimitori; and Enoro Group, where he also served as CFO.
In the same release, 贬测迟枚苍别苍 also gushed about the Texas capital.
鈥淲e have chosen Austin as our U.S. headquarters because of its dynamic tech environment, and we are looking forward to expanding our team there significantly in the months to come,鈥 he said.
贬测迟枚苍别苍 also told 附近上门 News that the company has seen rapid growth since it was spun out in 2015. Specifically, he said revenue spiked by 300 percent in the company’s fiscal year ending this month, and he projected that revenue would grow by 200 percent in Dooap’s聽next fiscal year.
The move is part of a broader trend of companies, big and small, relocating headquarters to Austin or opening secondary offices in the city. Last month, we reported in-depth about just how many companies are moving to Austin and why.
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