Advocado Commits to Accelerating Growth In Downtown St. Louis Headquarters

June 4, 2021 Anabela Savulescu 0
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AdTech startup plans to add over 100 jobs in urban core, capitalizing on the region’s tech talent availability and innovation ecosystem

 

Advocado, a cross-media data management platform (DMP) fueling advertising performance, today announced its three-year plan to add over 100 high-paying technology jobs—a combination of engineering, data science, customer success, operations, sales and marketing roles—in downtown St. Louis as part of its long-term commitment to the city’s economic development. Advocado was founded in St. Louis in 2017.

 

This commitment follows Advocado’s recent evaluation of multiple markets, ultimately deciding to maintain and grow their headquarters in the Midwest’s “capital of innovation,” St. Louis, despite pressures to expand their business in a traditional coastal tech hub. To make this decision, the startup leveraged the strategic regional insight, market analysis, and the business and civic relationships facilitated by AllianceSTL, the business-attraction initiative of the metro’s regional economic and civic leadership organization, Greater St. Louis, Inc. With the support of the Missouri Partnership, the Missouri Department of Economic Development, the St. Louis Economic Development Partnership and the St. Louis Development Corporation, the business attraction team at Greater St. Louis, Inc. helped the company establish roots in the city and accelerate its growth, reinforcing St. Louis as a world-class destination for startups and tech innovators.

 

“We’re excited to see Advocado expand in St. Louis,” Missouri Governor Mike Parson said. “The company’s commitment to innovation and growth has resulted in the creation of over 100 jobs that will provide new opportunities for Missourians to grow and succeed.”

 

“Our passion for revitalizing the economy in St. Louis naturally attracted us to the urban core,” said Brian Handrigan, 52, co-founder and CEO of Advocado. “At the same time, our collaboration with the regional team that was convened by Greater St. Louis, Inc.  allowed us to see how the city could function as a launchpad for our growing business. Not only have we been able to escape the restrictions of a coastal tech hub, expand on a massive scale and develop our product, but we’ve also been able to thrive here knowing we’re a positive force combatting workforce displacement in the area.”

 

“Being in St. Louis allows us to embrace our core values and our commitment to an uplifting work culture,” said Jeff Linihan, 46, co-founder, COO and president of Advocado. “We’re able to provide our diverse group of talented employees a space that is teeming with character and depth—it’s beyond physical structure. A building with the history and feeling of our current headquarters is hard to find outside of St. Louis City. As an AdTech company, we know that tech jobs, at their core, are creative and require the atmosphere to match; a farm of cubicles doesn’t compete with 15-foot ceilings and the cultural amenities of a world-class city.”

 

Advocado’s historic location at 1000 Clark Ave. in downtown St. Louis is over 13,000 square feet in size, a testament to the city’s affordable real estate and standard of living, which ranks the 7th highest in the U.S. Boasting numerous accolades and rankings, St. Louis is home to a highly qualified workforce, a nationally acclaimed startup movement and a diverse economy. With one of the nation’s lowest costs of living, St. Louis is recognized by Entrepreneur as the “No. 1 City for Innovation in the Heartland” and LinkedIn’s “Top U.S. City to Launch Your Career,” a place where investment, talent, mentorship and lifestyle all intersect.

 

The spirit of St. Louis will allow the startup to remain at the forefront of the advertising industry, despite constant shifts in the digital media ecosystem. As ad dollars move away from linear broadcast and cable television, Advocado will be able to improve its data management platform and better monetize the real-time actions of viewers in a cross-platform environment. With the city’s superior talent and opportunities for technology and R&D, the company can expand its capabilities further and provide more accurate, abundant data that will give its customers a leg up in a very competitive landscape.

 

“Advocado fully understands the value that the St. Louis region brings to the growth of their business. As a burgeoning tech hub, the Greater St. Louis metro offers the affordability, flexibility, investment potential and talent pool a business like theirs needs to move from startup to standout,” said Steve Johnson, chief business attraction officer, Greater St. Louis Inc., and president of the AllianceSTL initiative. “We join our state and regional partners in recognizing and applauding Advocado’s commitment to our region and their impact on job growth and technological innovation. Their choice to commit specifically to Downtown St. Louis makes great strides in bringing new jobs to the core of the region — advancing a significant goal in the STL 2030 Jobs Plan. Advocado joins a rapidly expanding number of companies that see their civic commitment as growth potential — and we can’t wait to watch what they do next.”

 

Available to advertisers worldwide, Advocado helps power over 210 local U.S. markets and is the most robust real-time TV ad insights platform available to date.

 

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