Single Family Office

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Strive Medical

Phyllis Newhouse runs Strive Medical in Irving, TX, directly investing cybersecurity and healthcare wealth into operator-heavy operating companies.

Strive Medical

Strive Medical was founded by Phyllis Newhouse following her departure from the US Army, where she served as a senior non-commissioned officer, and the successful divestiture of Xtreme Solutions, Inc., a cybersecurity and IT services firm she built. The office is based in Irving, Texas, and deploys capital generated from Newhouse's two-decade entrepreneurial and military career. Investment activity leans toward direct stakes in operating companies across healthcare services, cybersecurity, and enterprise software. The firm targets businesses where operational rigor and regulatory navigation determine outcomes — a reflection of Newhouse's own background. Confirmed portfolio positioning includes an emphasis on women-led and minority-led enterprises, though specific deployment figures remain private. Geographic focus is rooted in the US Sunbelt and Mid-Atlantic regions, with select exposure to federal contracting ecosystems where Newhouse retains deep operational relationships. The firm operates with a deliberately lean structure, characteristic of a single-family office prioritizing direct involvement over institutional scale. Newhouse also maintains Athena Technology Acquisition Corp., a special-purpose acquisition company, though Strive Medical's investment activity is distinct from the SPAC's public-market mandates. Philanthropic efforts run in parallel through initiatives focused on veteran transition and STEM education for underserved communities. What separates Strive Medical's architecture from a conventional family office is the operator-led sourcing model. Newhouse personally evaluates companies through the lens of a founder who scaled a defense-contracting business — assessing leadership grit, compliance infrastructure, and acquisition risk rather than relying on an intermediary-pitch pipeline. The office's posture resembles an active holding company more than a passive allocator.

General information

Firm type

Single Family Office

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Irving

Corporate office

Irving, TX, United States

Principals

Phyllis Newhouse

Founder

Sector focus

Healthcare ServicesCybersecurityEnterprise SoftwareEducation

Frequently asked questions

How did Phyllis Newhouse generate the capital behind Strive Medical?

Newhouse built and sold Xtreme Solutions, Inc., a cybersecurity and IT services firm that served federal and commercial clients. The exit followed a distinguished military career where she rose to the rank of senior non-commissioned officer. Her operational experience in both defense and entrepreneurship forms the foundation of the family office's capital base.

Does Strive Medical invest in startups or only mature operating companies?

The firm targets operating companies where operational and regulatory expertise can accelerate growth, favoring established revenue-generating businesses over pure seed-stage ventures. Newhouse's own experience scaling a federal contractor influences this preference for companies with existing customer traction and compliance frameworks.

How is Strive Medical related to Athena Technology Acquisition Corp.?

Phyllis Newhouse founded Athena Technology Acquisition Corp., a special-purpose acquisition company that took public a fintech firm in 2021. Strive Medical operates separately as Newhouse's private family office vehicle, with no commingling of capital or deal flow between the two entities.

What sectors does Strive Medical explicitly avoid?

Newhouse has not publicly declared exclusionary sectors, but the firm's investment pattern shows no known exposure to extractive industries, tobacco, or speculative cryptocurrency ventures. The office concentrates its capital in sectors where the principal has direct operational fluency.

Does Strive Medical take outside capital or co-invest with other family offices?

Strive Medical operates as a single-family office deploying Newhouse's own capital. While the firm may occasionally partner with aligned co-investors on specific deals, it does not function as a multi-family office or accept third-party assets under management.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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