- Strive is the fifth investment for Essex Bay, which launched in 2021
- Strive is led by CEO and Founder Saravanan Chettiar, who started the company in 2015
- Essex Bay targets software, technology hardware and medical devices/life sciences companies
Essex Bay Capital has made a growth investment in Strive, a provider of employee experience solution software. No financial terms were disclosed.
Hennepin Partners acted as financial advisor to Strive.
Strive is the fifth investment for Essex Bay, which launched in 2021.
Strive is led by CEO and Founder Saravanan Chettiar, who started the company in 2015.
Franklin Foster, a partner at Essex Bay Capital, said in a statement: “We are excited to be partnering with the Strive team and help refine and expand its impressive growth trajectory. We believe Strive’s offerings will be increasingly essential for employers looking to enhance employee engagement and increase retention in an increasingly tight and dynamic labor market.”
Essex Bay is a lower middle market private equity firm focused on investing in software, technology hardware, and medical devices/life sciences companies.