Erebor
Funding History
| Private Placement · 12/2025 | $4.3B |
|---|
About
Erebor operates as a branchless, 24/7 national bank offering deposits, credit, treasury management, and stablecoin infrastructure to clients in the technology, defense, artificial intelligence, and digital-asset sectors.
- Headquarters
- Columbus, Ohio
- Founded
- 2025
- National Charter Granted
- February 6, 2026 (effective; reported Feb 9, 2026)
- Capital at Opening
- $635 million
- Deposits (early July 2026)
- $4.05 billion
- Latest Disclosed Valuation
- $4.35 billion (December 2025)
Overview
Founded in 2025 by Anduril Industries CEO Palmer Luckey and Palantir co-founder Joe Lonsdale, Erebor set out to build a nationally chartered bank purpose-built for technology, defense, artificial intelligence, and crypto-native companies that struggled to find a natural banking partner after Silicon Valley Bank's March 2023 collapse.
The Office of the Comptroller of the Currency granted Erebor a full national bank charter effective February 6, 2026, less than four months after its October 15, 2025 conditional approval, and the bank opened for business days later with $635 million in capital on hand.
Private securities are speculative, illiquid, and involve risk of complete loss of principal. You should be prepared to hold private securities for an extended period; there is no assurance of a secondary market, an IPO, or other liquidity event. You are fully responsible for conducting your own due diligence. Pricing is indicative — nothing here is an offer of securities.