Morris Industries Invests in Series B Round of Strive Enterprises
2024年7月26日 - 4:42AM
ビジネスワイヤ(英語)
Morris Industries is proud to announce its strategic investment
in Strive Enterprises. Morris Industries participated in the
$30-million Series B fundraising round led by Cantor Fitzgerald and
included participation from Deason Capital Services, LLC, Narya
Capital, and several prominent entrepreneurs.
Strive Enterprises is set to launch Strive Wealth Management, an
extension of their already successful asset management business.
Strive CEO Matt Cole expressed his excitement about the future of
the company:
“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. Many Americans are hungry for an authentic and
unapologetic embrace of capitalism, meritocracy, and innovation,
and that’s what we strive to deliver.”
As Strive continues to expand, the company is actively
evaluating potential acquisitions of independent Registered
Investment Advisors (RIAs) and wealth management advisor teams to
join their dynamic growth.
Nate Morris, Chairman and CEO of Morris Industries, remarks,
"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."
Strive was co-founded in 2022 by Vivek Ramaswamy with the goal
of restoring shareholder primacy in the capital markets. Seed
investors include Peter Thiel, Bill Ackman, Cantor Fitzgerald,
Founders Fund, and Narya Capital.
About Morris Industries
Morris Industries is a conglomerate that is committed to
reimagining the legacy economy. Morris Industries works to identify
and invest in innovative companies with unrealized growth
potential, whose current ownership desires an exit strategy,
requires capital, or needs an experienced management team to
continue its growth. Morris Industries was founded upon the idea
that market-based innovation can solve America’s biggest
challenges.
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version on businesswire.com: https://www.businesswire.com/news/home/20240725415339/en/
Catherine Brady Morris Industries Press@MorrisIndustries.com
www.MorrisIndustries.com