# Erebor Bank

**Source:** https://www.startuphub.ai/startups/erebor-bank
**Profile type:** Startup

> A newly chartered national bank built to serve the technology industry.

## About

Erebor Bank is a newly chartered national bank founded by Palmer Luckey, co-founder of Oculus VR and Anduril Industries. It is designed to serve startups, technology companies, and the individuals who work at and invest in them. The bank aims to fill a market gap left by the collapse of Silicon Valley Bank in 2023.

## Key facts

- **Slug:** erebor-bank
- **Location:** USA
- **Founded:** 2023-01-01T00:00:00
- **Operating status:** Active
- **Sectors / tags:** Fintech, Banking

## Frequently asked

### What does Erebor Bank do?

Erebor Bank is a newly chartered national bank founded by Palmer Luckey, co-founder of Oculus VR and Anduril Industries. It is designed to serve startups, technology companies, and the individuals who work at and invest in them. The bank aims to fill a market gap left by the collapse of Silicon Valley Bank in 2023.

### What is Erebor Bank's revenue?

StartupHub estimates Erebor Bank's annual revenue at $69.8M (range $65.3M to $152.2M, 42% confidence), based on comparable companies in the sector.

### What is Erebor Bank's valuation?

StartupHub estimates Erebor Bank's effective valuation at $992.1M (range $694.5M to $1.3B, 40% confidence), based on comparable companies in the sector.

### Where is Erebor Bank headquartered?

Erebor Bank is headquartered in USA.

### When was Erebor Bank founded?

Erebor Bank was founded in 2023.

### What industry does Erebor Bank operate in?

Erebor Bank operates in Fintech, Banking.

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