Entrepreneur Vivek Ramaswamy announced Monday night that he is suspending his presidential campaign after a lackluster showing in the Iowa caucuses.

In a speech announcing his exit from the race, Ramaswamy endorsed former president Donald Trump, who was projected to have won the caucuses by a strong margin, according to the Associated Press and other media outlets.

Ramaswamy had campaigned heavily in the Hawkeye State, having set a goal of completing the “Full Grassley” tour of Iowa’s 99 counties, twice.