Digital national bank for crypto, AI, defense, and frontier-tech companies — the post-SVB alternative
Fintech📍 Columbus, OHFounded 2025
Current Valuation
$4.3B
as of 2025-Q4
UNICORN
IPO Outlookprivate
Is Erebor going public?
No. Erebor is private and has not filed to go public. There is no S-1 on file.
What is Erebor's valuation in 2026?
Erebor is valued at $4.3B as of 2025-Q4, set by its Series A ($350M, Dec 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Erebor filed an S-1?
No public S-1 is on file for Erebor.
Who are Erebor's investors?
Erebor's investors include Founders Fund, 8VC, Haun Ventures, Peter Thiel, Palmer Luckey, Joe Lonsdale.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Erebor is a Columbus, Ohio-based digital national bank co-founded by Anduril CEO Palmer Luckey, 8VC's Joe Lonsdale, and Peter Thiel's Founders Fund to fill the post-SVB gap for crypto, AI, defense, and frontier-tech companies. The bank pairs traditional deposit and lending products with stablecoin and crypto-custody services for portfolio companies and venture funds that traditional banks won't serve. In July 2025 Erebor filed with the OCC for a national bank charter (advanced in late 2025 by new OCC guidance), and in December 2025 raised $350M at a $4.35B valuation — making it one of the highest-valued US neobanks at pre-launch. On August 10, 2026, Axios reported that Erebor was nearing a $1.5B financing at an $8B pre-money valuation; because the round had not closed, the page retains the December 2025 priced-round mark. Co-CEOs Jacob Hirshman and Owen Rapaport run day-to-day operations.
Company Profile
CEO
Jacob Hirshman and Owen Rapaport (co-CEOs)
Founded
2025
HQ
Columbus, OH
Employees
~50
Total Raised
$350M
Growth
Raised $350M at $4.35B (Dec 2025); reportedly nearing a separate $1.5B financing at an $8B pre-money valuation (Aug 2026, unclosed)
Last Round
Series A — $350M (Dec 2025) · Lead: Founders Fund and 8VC
Aug 2026 · Axios Pro Deals / Financial Times · funding
Vertical Intelligence — Defense / Aerospace
No name-verified federal prime awards for Erebor in the last 36 months on USASpending.gov — revenue may be classified, flow through subcontracts, or be non-US. Absence of a registry match is reported as-is.
Checked usaspending.gov as of 2026-08-19. Re-checked weekly.
Talent Signal
No public careers page or job board could be found for Erebor as of 2026-08-17. That itself is a datapoint: no open external hiring surface.
Checked the company site and major hosted job boards. Re-checked monthly.
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q4. Refreshed quarterly.