COINPURO - Crypto Currency Latest News logo COINPURO - Crypto Currency Latest News logo
Seeking Alpha 2026-03-24 07:55:05

Erebor Bank lands VCX funding to grow its tech lending platform

The Fundrise Innovation Fund ( VCX ) announced a new investment in Erebor Bank, a newly chartered U.S. national bank designed specifically to serve technology companies and startups. Erebor is a tech-focused national bank founded by Palmer Luckey (co‑founder of Oculus VR and Anduril Industries), aiming to fill the void left by the collapse of Silicon Valley Bank in 2023. It targets startups, tech firms, and the people who invest in or work at them, with plans to offer lines of credit backed by crypto or private securities and loans for AI chips, among other tailored products. The bank received conditional approval in October 2025 and a full national charter in February 2026, with FDIC‑insured deposits. Other backers include Palantir cofounders Joe Lonsdale and Peter Thiel, with funding expected from Luckey, Lonsdale’s venture firm 8VC, Thiel’s Founders Fund, crypto-focused VC Haun Ventures, Andreessen Horowitz, Lux Capital, and other angel investors.

Most Read News

coinpuro_earn
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.