Robinhood Ventures

11 days agoNews Editor

Robinhood Ventures Fund I buys $30 million in preferred stock of Erebor Bank

Robinhood Ventures Fund I (NYSE: RVI) has invested $30 million in preferred shares of Erebor Bank, National Association, according to FXNewsGroup. Erebor is a U.S. nationally chartered bank focused on the innovation economy, with coverage across defense, robotics, artificial intelligence, and hard tech. The bank received a national bank charter from the Office of the Comptroller of the Currency, or OCC, and federal deposit insurance in February 2026. Its deposits have already exceeded $7 billion. Erebor was founded in 2025 by Palmer Luckey and others, with backing from Valor Equity Partners, Lux Capital, and 8VC. RVI is the first fund under Robinhood Ventures. It listed on the New York Stock Exchange in March 2026 and is designed to give investors exposure to private-company equity through investments in non-public firms.

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stablecoin

4 months agoNews Editor 01

Infinite Launches Fiat-Stablecoin Hybrid Accounts Backed by Erebor Bank with FDIC Insurance

B2B stablecoin payments firm Infinite launched Infinite Accounts on April 22, 2026, combining fiat and stablecoin rails via a single API. Powered by Erebor Bank, fiat deposits are FDIC-insured up to $250K, while stablecoins operate on-chain. Targeting payroll, treasury, and merchant platforms.

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Erebor Bank

4 months agoNews Editor 01

Palmer Luckey and Peter Thiel Back Erebor Bank to Target the Post-SVB Crypto Startup Gap

Erebor, a proposed U.S. national bank backed by Palmer Luckey, Peter Thiel’s Founders Fund, and Joe Lonsdale’s 8VC, aims to serve crypto, AI, and defense startups after the collapse of Silicon Valley Bank.

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Erebor Bank

4 months agoNews Editor 01

Palmer Luckey and Peter Thiel Back Erebor Bank to Target the Post-SVB Gap for Crypto Startups

A new bank called Erebor, backed by Palmer Luckey, Peter Thiel’s Founders Fund, and Joe Lonsdale’s 8VC, is seeking a U.S. national bank charter to serve crypto, AI, and defense startups after the collapse of Silicon Valley Bank.

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Erebor Bank

4 months agoNews Editor

Palmer Luckey's Crypto-Friendly Bank Erebor Targets $8B Valuation in New Funding Round, Deposits Surge 4x in Three Months

According to Bloomberg, Erebor Bank, a crypto-friendly bank founded by Oculus creator Palmer Luckey, is in talks with investors for a new funding round at a valuation of at least $8 billion — nearly double its $4.35 billion valuation from late last year. The bank's deposits have skyrocketed from $1.1 billion to $4.05 billion over the past three months, adding nearly 400 new clients, and it expects to turn profitable within the year. Erebor holds a national bank charter from the Office of the Comptroller of the Currency and focuses on serving defense tech and cryptocurrency firms. Its backers include Lux Capital, 8VC, Andreessen Horowitz, and Founders Fund.

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Bit.Fan