Wu Blockchain (@WuBlockchain): Crypto-Friendly Bank Erebor Bank Eyes $8 Billion Valuation in New Funding Round
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Crypto-Friendly Bank Erebor Bank Eyes $8 Billion Valuation in New Funding Round According to Bloomberg, Erebor Bank, founded by Anduril Industries founder Palmer Luckey and backed by Peter Thiel, is in talks to raise funds at a valuation of at least $8 billion, nearly doubling its $4.35 billion valuation from the end of last year. Erebor focuses on serving enterprises in the defense tech and cryptocurrency sectors and has secured a national bank charter from the Office of the Comptroller of the Currency (OCC). Previous investors include Lux Capital, 8VC, a16z, and Founders Fund.