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- Morris Industries Invests in Strive Enterprises' $30M Series B Round
Morris Industries Invests in Strive Enterprises' $30M Series B Round
Slice of Finance Team
01 Aug
Key Highlights:
Morris Industries participates in Strive Enterprises' $30M Series B round.
Investment round led by Cantor Fitzgerald with notable participants.
Strive Enterprises to launch Strive Wealth Management.
Strive evaluates acquisitions of RIAs and wealth management advisor teams.
Strive was co-founded by Vivek Ramaswamy in 2022.
Source (Business Wire)
Notable Quotes:
"Morris Industries is thrilled to invest in Strive Enterprises during this pivotal stage of their growth. We believe in Strive’s potential to revolutionize the wealth management industry, and we are excited to support their continued success and expansion."
"The success of Strive’s asset management business has been extraordinary, growing to over $1.6 billion in assets under management less than two years after the launch of our first ETF. Off the back of this momentum, Strive will be launching a direct wealth management offering focused exclusively on maximizing value for our clients."
Our Take:
Morris Industries' strategic investment in Strive Enterprises marks a significant milestone for both companies. This collaboration underscores the confidence that established investors like Cantor Fitzgerald, Deason Capital, and Narya Capital have in Strive's innovative approach to wealth management. Strive’s rapid growth and ambitious plans to expand through acquisitions indicate a strong trajectory. With Strive Wealth Management set to launch and the backing of influential investors, Strive is well-positioned to make a notable impact in the wealth management industry, emphasizing capitalism, meritocracy, and innovation as its core principles.