Palmer Luckey’s Erebor Hits $4.35 Billion Valuation After Landing FDIC Approval

TLDR Palmer Luckey’s Erebor banking startup closed a $350 million funding round at a $4.35 billion post-money valuation FDIC granted deposit insurance approval last week, advancing Erebor’s path to becoming a chartered national bank Lux Capital led the round with participation from Founders Fund, 8VC, and Haun Ventures Bank will target tech companies in crypto, [...]

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