a day ago
New Palmer Luckey startup Erebor set to be valued at $2B, Insider reports
Palmer Luckey, cofounder and CEO of defense tech company Anduril, is also launching anew startup called Erebor, a digital bank aimed at startups and crypto firms, Business Insider's Julia Hornstein reports. The startup is raising at least $225M at a $2B valuation, the author says, citing people familiar with the deal. Founders Fund, a venture firm run by Palantir's (PLTR) Peter Thiel, and 8VC are investing in Erebor, the author notes.
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