Wu Blockchain (@WuBlockchain): According to Bloomberg, Peter Thiel-backed banking startup Erebor Bank is raising about $350 million in a funding round that would value the firm at r…
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According to Bloomberg, Peter Thiel-backed banking startup Erebor Bank is raising about $350 million in a funding round that would value the firm at roughly $4.35 billion. People familiar with the matter said the round is led by Lux Capital, with existing investor 8VC also participating. Erebor Bank focuses on crypto- and technology-oriented clients, seeking to fill part of the gap left by the 2023 collapse of Silicon Valley Bank while expanding its client base in the defense and aerospace sectors. https://twitter.com/i/web/status/2003207392952291377