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Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits are up from $1.1B in March to $4.05B (Bloomberg)

Techmeme 02 July 2026 6h ago
Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits are up from $1.1B in March to $4.05B (Bloomberg)
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Bloomberg : Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits are up from $1.1B in March to $4.05B — Erebor Bank is in talks to raise money at a valuation of at least $8 billion, as deposits grow rapidly at the politically connected startup …
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