Strive Enterprises, a financial services company with an asset management platform focused on maximizing long-run returns for investors, announced today that it closed a $30 million Series B financing round led by Cantor Fitzgerald, L.P. Deason Capital Services (led the Series A round), Narya Capital, and several prominent entrepreneurs also participated in the funding.
The company also plans to launch Strive Wealth Management, given the significant demand for expanded financial services following the early success of its asset management platform in the US.
Strive will also utilize Cantor’s deep institutional relationships and proven market expertise to expand and enhance Strive’s products and services. And Cantor Fitzgerald and Deason Capital Services will each nominate a member to Strive’s Board of Directors.
Strive was co-founded in 2022 by Vivek Ramaswamy with the goal of restoring shareholder primacy in the capital markets. And the company’s seed investors include Peter Thiel, Bill Ackman, Cantor Fitzgerald, Founders Fund, and Narya Capital.
Cantor acted as the sole placement agent on the Series B financing round.
KEY QUOTES:
“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.”
– Matt Cole, CEO of Strive
“We are strategically investing in fascinating companies – like Strive – that are working to shape our future. We look forward to partnering with Strive on their exciting growth opportunities and believe the wealth management industry is primed for an offering that focuses solely on maximizing value and returns for clients.”
– Howard Lutnick, Chairman of Cantor Fitzgerald, L.P.
