Tech Billionaires Launch Erebor Bank to Serve Startups Following SVB Collapse
Published at：2025年07月03日 14:23
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A consortium of prominent tech investors, spearheaded by Anduril co-founder Palmer Luckey, is establishing a new financial institution named Erebor Bank. Designed to address the funding vacuum created by Silicon Valley Bank's (SVB) collapse, the venture will cater to startups including those in the cryptocurrency space. The initiative has secured backing from influential investors such as Peter Thiel's Founders Fund and Joe Lonsdale.
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Erebor Bank
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